Henderson Settlement Inc

Analysis

Henderson Settlement Inc is a registered charity in United States, based in Frakes, KY. It received its IRS tax-exemption ruling in April 1972, 54 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 December 2023, Henderson Settlement Inc reported income of $1.6m and spending of $1.7m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.6m (-2.4%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 21%. 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, Henderson Settlement Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include Kings Care Foundation ($1.6m), New Garden Park Inc ($1.7m) and Friends of the Riverfront Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $92k (5.3% of expenses). Other salaries and wages came to $533k. At year end it held assets of $3.0m against liabilities of $115k, net assets of $2.9m. It reported 38 employees.