Kentucky Educational Television Foundation Inc

Analysis

Kentucky Educational Television Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in June 1972, 54 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Educational Television Foundation Inc reported income of $10.6m and spending of $7.8m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.2m to $10.6m (+29%), an average of +6.7% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kentucky Educational Television Foundation 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 95th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Boston Lyric Opera Company Inc ($10.6m), Greektown Neighborhood Partnership ($10.6m) and Playwrights Horizons Inc ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $291k (3.7% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $11.5m against liabilities of $17.9m, net assets of -$6.4m. It reported 110 employees.