Eastern Star Home in Kentucky

Analysis

Eastern Star Home in Kentucky is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 1959, 67 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Eastern Star Home in Kentucky reported income of $1.8m and spending of $2.2m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eastern Star Home in Kentucky sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within KY. Charities of a similar size with the same main cause include Agape Child Development Center ($1.8m), Northeast Ohio Coalition for the Homeless ($1.8m) and Hopewell Valley YMCA ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $200k (9.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.1m against liabilities of $148k, net assets of $3.0m. It reported 90 employees.