Family Nurturing Center of Kentucky

Analysis

Family Nurturing Center of Kentucky is a registered charity in United States, based in Florence, KY. It received its IRS tax-exemption ruling in July 1981, 45 years ago. 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, Family Nurturing Center of Kentucky reported income of $5.0m and spending of $4.5m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $5.0m (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Nurturing Center of Kentucky sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KY. Charities of a similar size with the same main cause include Mary Lee Depugh Nursing Home Association Inc ($5.0m), Peylim Lev Lachim ($5.0m) and Sisters of St Joseph ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $240k (5.3% of expenses). Other salaries and wages came to $2.6m. It paid $115k in professional fundraising fees. At year end it held assets of $2.2m against liabilities of $925k, net assets of $1.3m. It reported 104 employees.