Jewish Community of Louisville Inc

Analysis

Jewish Community of Louisville Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 1960, 66 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 June 2023, Jewish Community of Louisville Inc reported income of $13.7m and spending of $14.2m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $21.2m to $13.7m (-35%), an average of -10% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 56% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jewish Community of Louisville Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Greater Worcester Community Foundation Inc ($13.7m), University of Pittsburgh and Upmc Medical and Health Sciences FDN ($13.8m) and Hospice Foundation of Western New York Inc ($13.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $636k (4.5% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $73.2m against liabilities of $9.9m, net assets of $63.2m. It reported 391 employees.