Honorable Order of Kentucky Colonels Inc

Analysis

Honorable Order of Kentucky Colonels Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in October 1963, 63 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Honorable Order of Kentucky Colonels Inc reported income of $4.5m and spending of $6.8m, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $4.5m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Honorable Order of Kentucky Colonels Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include Rotary Club of Eagle Grove Home Inc ($4.5m), Broward County Community Development Corporation Inc ($4.5m) and Appa-Association of Higher Education Facilities Officers ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $273k (4.0% of expenses). Other salaries and wages came to $321k. At year end it held assets of $22.6m against liabilities of $606k, net assets of $22.0m. It reported 7 employees.