Kentucky Steam Heritage Corporation

Analysis

Kentucky Steam Heritage Corporation is a registered charity in United States, based in Irvine, KY. It received its IRS tax-exemption ruling in February 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 Steam Heritage Corporation reported income of $69k and spending of $209k, spending 303% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $221k to $69k (-69%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 72%. Over the whole period it spent 84% 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 Steam Heritage Corporation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within KY. Charities of a similar size with the same main cause include Everett Chorale ($69k), Seacoast Jazz Society ($69k) and West Coast Songwriters Association ($69k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $527k against liabilities of $386k, net assets of $140k.