University of Kentucky Mining Engineering Foundation Inc

Analysis

University of Kentucky Mining Engineering Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in March 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Kentucky Mining Engineering Foundation Inc reported income of $109k and spending of $59k, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $44k to $109k (+147%), an average of +25% a year. The sharpest change came in the year to June 2020, when income rose by 101%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Kentucky Mining Engineering Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within KY. Charities of a similar size with the same main cause include Columbus State University Alumni Association Inc ($109k), Parent Booster USA Inc ($109k) and J P Taravella High School Band Patrons Organization Inc ($109k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% of the total. At year end it held assets of $2.4m against liabilities of $1,475, net assets of $2.4m.