Kentucky Baptist Assemblies Inc

Analysis

Kentucky Baptist Assemblies Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Kentucky Baptist Assemblies Inc reported income of $10.3m and spending of $8.0m, leaving 22% of income unspent that year. Across the 5 years on record, from March 2020 to December 2023, income grew from $6.9m to $10.3m (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 596%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kentucky Baptist Assemblies Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Eretz Hachaim US Inc ($10.2m), Sower of Seeds International Ministries Inc ($10.3m) and St Paul Center for Biblical Theology ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $253k (3.2% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $25.3m against liabilities of $3.6m, net assets of $21.8m. It reported 239 employees.