Northern Kentucky Area Developement District

Analysis

Northern Kentucky Area Developement District is a registered charity in United States, based in Florence, KY. It received its IRS tax-exemption ruling in February 1999, 27 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 June 2024, Northern Kentucky Area Developement District reported income of $36.2m and spending of $34.8m, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $18.9m to $36.2m (+91%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 25%. 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, Northern Kentucky Area Developement District sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within KY. Charities of a similar size with the same main cause include Affiliates Risk Management Services Inc ($36.1m), The Bottom Line Inc ($36.5m) and International Training Fund ($35.9m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $127k (0.4% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $14.9m against liabilities of $19.2m, net assets of -$4.3m. It reported 1,097 employees.