Methodist Home of Kentucky

Analysis

Methodist Home of Kentucky is a registered charity in United States, based in Nicholasville, KY. It received its IRS tax-exemption ruling in October 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Methodist Home of Kentucky reported income of $13.7m and spending of $12.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.5m to $13.7m (+112%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Methodist Home of Kentucky sits at the 96th percentile: it is larger than about 96% 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 Emberhope Inc ($13.7m), Catholic Charities of the Diocese of Pittsburgh Inc ($13.7m) and Port Resources ($13.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 5.6% of the total. Other salaries and wages came to $6.6m. At year end it held assets of $26.9m against liabilities of $2.1m, net assets of $24.8m. It reported 211 employees.