Arts of Southern Kentucky Foundation Inc

Analysis

Arts of Southern Kentucky Foundation Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Arts of Southern Kentucky Foundation Inc reported income of $626k and spending of $55k, leaving 91% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $507k to $626k (+24%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 5.1% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts of Southern Kentucky Foundation Inc sits at the 80th percentile: it is larger than about 80% 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 Stephen Foster Drama Assn Inc ($626k), The Antiquarian Society ($626k) and Vector Space ($626k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $4.1m against liabilities of $2.6m, net assets of $1.4m.