Eastern Kentucky Concentrated Employment Program Inc

Analysis

Eastern Kentucky Concentrated Employment Program Inc is a registered charity in United States, based in Hazard, KY. It received its IRS tax-exemption ruling in April 1970, 56 years ago. Its declared purposes cover employment, 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, Eastern Kentucky Concentrated Employment Program Inc reported income of $23.8m and spending of $23.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.3m to $23.8m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Eastern Kentucky Concentrated Employment Program 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 Alliance for Downtown New York Inc ($23.7m), Charitable Ventures of Orangecounty Inc ($23.8m) and Urban Corps of San Diego ($23.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $229k (1.0% of expenses). Other salaries and wages came to $472k. At year end it held assets of $2.2m against liabilities of $1.7m, net assets of $495k. It reported 39 employees.