Kentucky Classic Arts at Centre Square Inc

Analysis

Kentucky Classic Arts at Centre Square Inc is a registered charity in United States, based in Lebanon, KY. It received its IRS tax-exemption ruling in August 2016, 10 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 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 December 2023, Kentucky Classic Arts at Centre Square Inc reported income of $389k and spending of $325k, spending 84% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $210k to $389k (+85%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kentucky Classic Arts at Centre Square Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within KY. Charities of a similar size with the same main cause include Villages Philharmonic ($389k), Open Eye Pictures Inc ($389k) and Gilbert Theater ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $53k (16% of expenses). Other salaries and wages came to $126k. At year end it held assets of $353k against liabilities of $6,392, net assets of $347k. It reported 22 employees.