Louisville Central Community Center Inc

Analysis

Louisville Central Community Center Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 1962, 64 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2022, Louisville Central Community Center Inc reported income of $11.4m and spending of $2.0m, leaving 82% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $1.4m to $11.4m (+722%), an average of +102% a year. The sharpest change came in the year to June 2022, when income rose by 388%. Over the whole period it spent 43% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Louisville Central Community Center Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Special Olympics Northern California Inc ($11.4m), Erie County Agricultural Society ($11.5m) and Camp Ramah in New England ($11.2m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 97% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $102k (5.1% of expenses). Other salaries and wages came to $679k. At year end it held assets of $18.5m against liabilities of $1.1m, net assets of $17.4m. It reported 27 employees.