The Kentucky Science Center Inc

Analysis

The Kentucky Science Center Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 1981, 45 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, The Kentucky Science Center Inc reported income of $6.4m and spending of $6.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $6.4m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Kentucky Science Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within KY. Charities of a similar size with the same main cause include Cultura Y Arte Nativa de Las Americas ($6.4m), Creative Action ($6.4m) and Foundation for Contemporary Arts Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $339k (5.3% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $8.2m against liabilities of $1.4m, net assets of $6.9m. It reported 153 employees.