Kentucky Pharmacy Education and Research Foundation Inc

Analysis

Kentucky Pharmacy Education and Research Foundation Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in September 1981, 45 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 December 2023, Kentucky Pharmacy Education and Research Foundation Inc reported income of $9.0m and spending of $8.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $9.0m (+249%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kentucky Pharmacy Education and Research Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within KY. Charities of a similar size with the same main cause include Independent Institute ($9.0m), Mallory Community Health ($9.0m) and Child and Family Services of Newport County ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 5.5% of the total. Other salaries and wages came to $487k. At year end it held assets of $1.7m against liabilities of $872k, net assets of $831k. It reported 6 employees.