Public Financial Publication Inc

Analysis

Public Financial Publication Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 1981, 45 years ago. 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, Public Financial Publication Inc reported income of $85k and spending of $131k, spending 154% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $218k to $85k (-61%), an average of -17% a year. The sharpest change came in the year to December 2023, when income rose by 201%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Public Financial Publication Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within KY. Charities of a similar size with the same main cause include Hyde Park Youth Symphony Inc ($85k), Foster Center Volunteer Fire Company ($85k) and Alexander Foundation ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $344k against liabilities of $0, net assets of $344k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.