Kentucky River Foothills Development Council Inc

Analysis

Kentucky River Foothills Development Council Inc is a registered charity in United States, based in Richmond, KY. It received its IRS tax-exemption ruling in December 1965, 61 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 (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 2023, Kentucky River Foothills Development Council Inc reported income of $23.2m and spending of $18.0m, leaving 23% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $15.8m to $23.2m (+47%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kentucky River Foothills Development Council Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within KY. Charities of a similar size with the same main cause include Embarras River Basin Agency Inc ($23.2m), Employment Solutions Inc ($23.4m) and Northern Manhattan Improvement Corp ($23.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $110k (0.6% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $17.2m against liabilities of $2.7m, net assets of $14.5m. It reported 219 employees.