Henry Clay Memorial Foundation

Analysis

Henry Clay Memorial Foundation is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in March 1976, 50 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, Henry Clay Memorial Foundation reported income of $844k and spending of $704k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $529k to $844k (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Henry Clay Memorial Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within KY. Charities of a similar size with the same main cause include Lafayette County Enterprises Inc ($844k), Marcellus Free Library ($845k) and Bates Technical College Foundation ($844k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $92k (13% of expenses). Other salaries and wages came to $232k. At year end it held assets of $5.5m against liabilities of $21k, net assets of $5.5m. It reported 18 employees.