Kentucky Center for the Arts Foundation Inc

Analysis

Kentucky Center for the Arts Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Center for the Arts Foundation Inc reported income of $3.3m and spending of $3.0m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.3m (+2.8%), an average of +0.7% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kentucky Center for the Arts Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KY. Charities of a similar size with the same main cause include Sultana Historical Preservation Society Inc ($3.3m), Urbanglass New York Contemporary Glass Center Inc ($3.3m) and American Civil War Museum ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 15% of the total. At year end it held assets of $29.6m against liabilities of $5.2m, net assets of $24.4m.