Kentucky Bar Foundation in

Analysis

Kentucky Bar Foundation in is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in April 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kentucky Bar Foundation in reported income of $3.8m and spending of $1.3m, leaving 65% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $3.8m (+108%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 157%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kentucky Bar Foundation in sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include Young Mens Christian Association Sanford-Springvale ($3.8m), Adoptions From the Heart Inc ($3.8m) and Narrows Institute of Biomedical Research Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% of the total. Compensation of current officers, directors and key employees was $89k (6.8% of expenses). Other salaries and wages came to $71k. At year end it held assets of $11.0m against liabilities of $464k, net assets of $10.6m.