Association of Independent Kentucy College and Universities Inc

Analysis

Association of Independent Kentucy College and Universities Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in May 1919, 107 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Association of Independent Kentucy College and Universities Inc reported income of $1.0m and spending of $1.4m, spending 138% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.0m (-14%), an average of -4.7% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Association of Independent Kentucy College and Universities Inc 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 79th percentile, and in the 80th percentile within KY. Charities of a similar size with the same main cause include Capital District Library Council for Reference & Research Resources ($1.0m), A1 Supreme Academy ($1.0m) and Zeno ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $370k (26% of expenses). Other salaries and wages came to $112k. At year end it held assets of $2.7m against liabilities of $91k, net assets of $2.6m. It reported 11 employees.