Kentucky Nonprofit Network

Analysis

Kentucky Nonprofit Network is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Kentucky Nonprofit Network reported income of $3.1m and spending of $725k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $412k to $3.1m (+658%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 540%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kentucky Nonprofit Network sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Ashbrook Independent School ($3.1m), Foothills School of Art & Sciences ($3.1m) and Delaware Technical & Community College Educational Foundation 866 ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $156k (21% of expenses). Other salaries and wages came to $142k. At year end it held assets of $2.7m against liabilities of $104k, net assets of $2.6m. It reported 6 employees.