Southern Association of Workmens Compensation Administration

Analysis

Southern Association of Workmens Compensation Administration is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in July 1980, 46 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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 September 2024, Southern Association of Workmens Compensation Administration reported income of $598k and spending of $528k, spending 88% of its income. Across the 6 years on record, from September 2019 to September 2024, income grew from $523k to $598k (+14%), an average of +2.7% a year. The sharpest change came in the year to September 2022, when income rose by 103%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Association of Workmens Compensation Administration sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within KY. Charities of a similar size with the same main cause include American Water Works Association ($598k), Iglesia Pentecostal Jesus Es Luz ($598k) and Circle Pines Center ($598k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $125k (24% of expenses). At year end it held assets of $334k against liabilities of $0, net assets of $334k.