Kentucky Restaurant Association Educational Foundation Inc

Analysis

Kentucky Restaurant Association Educational Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Kentucky Restaurant Association Educational Foundation Inc reported income of $82k and spending of $92k, spending 112% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $151k to $82k (-46%), an average of -12% a year. The sharpest change came in the year to June 2020, when income dropped by 51%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kentucky Restaurant Association Educational Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within KY. Charities of a similar size with the same main cause include West Valley Education Foundation ($82k), Reynoldsburg High School Band Boosters ($82k) and Parent Booster USA Inc ($82k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% of the total. Other salaries and wages came to $38k. At year end it held assets of $721k against liabilities of $9, net assets of $721k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.