Kentucky Humanities Council Inc University of Kentucky

Analysis

Kentucky Humanities Council Inc University of Kentucky is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in July 1980, 46 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 October 2023, Kentucky Humanities Council Inc University of Kentucky reported income of $2.6m and spending of $1.5m, leaving 43% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.3m to $2.6m (+92%), an average of +18% a year. The sharpest change came in the year to October 2023, when income rose by 48%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kentucky Humanities Council Inc University of Kentucky sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within KY. Charities of a similar size with the same main cause include Associated Builders & Contractors of Iowa Trust ($2.6m), Empower Somerset Inc ($2.6m) and Great Minds in STEM ($2.6m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 52% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $149k (10% of expenses). Other salaries and wages came to $298k. At year end it held assets of $6.2m against liabilities of $107k, net assets of $6.1m. It reported 8 employees.