Bardstown Historic Development Corporation

Analysis

Bardstown Historic Development Corporation is a registered charity in United States, based in Bardstown, KY. It received its IRS tax-exemption ruling in December 1973, 53 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bardstown Historic Development Corporation reported income of $336k and spending of $174k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $147k to $336k (+128%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bardstown Historic Development Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within KY. Charities of a similar size with the same main cause include 7th Street Theatre Association ($336k), Tuscaloosa Childrens Theatre Inc ($336k) and National Conservatory of Dramatic Arts ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 0.7% of the total. Other salaries and wages came to $62k. At year end it held assets of $1.1m against liabilities of $1,714, net assets of $1.1m. It reported 7 employees.