Community Action Kentucky Inc

Analysis

Community Action Kentucky Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in May 1976, 50 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 2023, Community Action Kentucky Inc reported income of $69.8m and spending of $69.6m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $53.4m to $69.8m (+31%), an average of +9.3% a year. The sharpest change came in the year to June 2021, when income rose by 90%. 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, Community Action Kentucky Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Cincinnati Center City Development Corporation ($69.2m), Urban Alchemy ($70.3m) and Hispanic Federation Inc ($67.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Other salaries and wages came to $899k. At year end it held assets of $11.5m against liabilities of $8.5m, net assets of $3.0m. It reported 16 employees.