Kentucky Engineering Foundation Inc

Analysis

Kentucky Engineering Foundation Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in February 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kentucky Engineering Foundation Inc reported income of $333k and spending of $384k, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $315k to $333k (+5.7%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 337%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kentucky Engineering Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within KY. Charities of a similar size with the same main cause include Vietnam Battlefield Tours ($333k), Neodesha High School Alumni Association Scholarship Fund ($333k) and Oakland-Alameda County Coliseum Foundation ($333k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 62% of the total. At year end it held assets of $1.6m against liabilities of $43k, net assets of $1.5m.

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.