Kentucky Educational Development Corporation

Analysis

Kentucky Educational Development Corporation is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in April 1969, 57 years ago. 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, Kentucky Educational Development Corporation reported income of $18.7m and spending of $17.6m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.2m to $18.7m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kentucky Educational Development Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Housing Matters ($18.6m), Lifecare Hospice ($18.7m) and San Francisco Public Health Foundation ($18.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Other salaries and wages came to $6.8m. At year end it held assets of $9.4m against liabilities of $3.0m, net assets of $6.4m. It reported 99 employees.