Kentucky Derby Festival Foundation Inc

Analysis

Kentucky Derby Festival Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Kentucky Derby Festival Foundation Inc reported income of $219k and spending of $115k, leaving 48% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $83k to $219k (+164%), an average of +27% a year. The sharpest change came in the year to September 2021, when income rose by 170%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kentucky Derby Festival Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within KY. Charities of a similar size with the same main cause include LA Contemporary Dance ($219k), Extra Mile Student Center ($219k) and Anchorage Community Theatre Inc ($219k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $133k against liabilities of $3,350, net assets of $129k.