Veterans Memorial Park of Kentucky

Analysis

Veterans Memorial Park of Kentucky is a registered charity in United States, based in Pewee Valley, KY. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2022, Veterans Memorial Park of Kentucky reported income of $57k and spending of $17k, leaving 70% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $90k to $57k (-37%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 25% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Veterans Memorial Park of Kentucky sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within KY. Charities of a similar size with the same main cause include Pawnee City Boys and Girls Ball Association Inc ($57k), Girls on the Run of the Big Bend Inc ($57k) and Monroe Lacrosse Association Inc ($57k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $662k against liabilities of $0, net assets of $662k.