Kentuckianaworks Foundation Inc

Analysis

Kentuckianaworks Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 2006, 20 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, Kentuckianaworks Foundation Inc reported income of $169k and spending of $288k, spending 170% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $169k (-93%), an average of -49% a year. The sharpest change came in the year to June 2023, when income dropped by 90%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kentuckianaworks Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within KY. Charities of a similar size with the same main cause include Glacier Society Inc ($169k), Lake Norman Charter Athletic Booster Club ($169k) and East Aurora Educational Foudnation Inc ($169k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.0m against liabilities of $807k, net assets of $2.2m.