Southeastern Kentucky Rehabilitation Industries Inc

Analysis

Southeastern Kentucky Rehabilitation Industries Inc is a registered charity in United States, based in Corbin, KY. It received its IRS tax-exemption ruling in February 1972, 54 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Southeastern Kentucky Rehabilitation Industries Inc reported income of $39.5m and spending of $38.7m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $59.1m to $39.5m (-33%), an average of -9.6% a year. The sharpest change came in the year to September 2023, when income rose by 49%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southeastern Kentucky Rehabilitation Industries Inc sits at the 92nd percentile: it is larger than about 92% of them. 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 Saint Lukes Hospital of Trenton ($39.4m), Childrens Healthcare of California ($39.5m) and Stewart Memorial Community Hospital ($39.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $876k (2.3% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $30.0m against liabilities of $4.2m, net assets of $25.9m. It reported 942 employees.