Kentucky River Area Development District Inc

Analysis

Kentucky River Area Development District Inc is a registered charity in United States, based in Hazard, KY. It received its IRS tax-exemption ruling in October 1989, 37 years ago. 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 Area Development District Inc reported income of $6.0m and spending of $6.3m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $6.0m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kentucky River Area Development District Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within KY. Charities of a similar size with the same main cause include Girl Scouts of Nassau County Inc ($6.0m), Forty Carrots of Sarasota Inc ($6.0m) and Catalyst CT Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $117k (1.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $5.9m against liabilities of $8.0m, net assets of -$2.0m.