South Louisville Community Ministries Inc

Analysis

South Louisville Community Ministries Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 1976, 50 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, South Louisville Community Ministries Inc reported income of $1.5m and spending of $1.2m, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.5m (+28%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 121%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Louisville Community Ministries Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within KY. Charities of a similar size with the same main cause include South Central Lutheran Camp Association of Indiana Inc ($1.5m), Newsed Community Development Corporation Inc ($1.5m) and Youth Fair Chance Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $64k (5.4% of expenses). Other salaries and wages came to $215k. At year end it held assets of $1.1m against liabilities of $12k, net assets of $1.0m. It reported 22 employees.