Life Plan of Kentucky Inc

Analysis

Life Plan of Kentucky Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Life Plan of Kentucky Inc reported income of $621k and spending of $524k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $422k to $621k (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Plan of Kentucky Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within KY. Charities of a similar size with the same main cause include A Brilliant Mustard Seed Inc ($621k), Twelve Days of Christmas Inc ($621k) and Mid-County United Ministries Inc ($621k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $190k (36% of expenses). Other salaries and wages came to $130k. At year end it held assets of $894k against liabilities of $0, net assets of $894k. It reported 5 employees.