Louisville Asset Building Coalition Inc

Analysis

Louisville Asset Building Coalition Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Louisville Asset Building Coalition Inc reported income of $294k and spending of $262k, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $163k to $294k (+81%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Louisville Asset Building Coalition Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within KY. Charities of a similar size with the same main cause include Grace Urban Development Corporation ($294k), Propel Network Inc ($295k) and Life After Release ($294k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $66k (25% of expenses). Other salaries and wages came to $123k. At year end it held assets of $158k against liabilities of $0, net assets of $158k. It reported 12 employees.