Kentucky Association of Counties Inc

Analysis

Kentucky Association of Counties Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in December 1977, 49 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending June 2023, Kentucky Association of Counties Inc reported income of $9.2m and spending of $8.6m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.6m to $9.2m (+7.0%), an average of +1.7% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kentucky Association of Counties Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within KY. Charities of a similar size with the same main cause include The Third Way Foundation Inc ($9.2m), Marian and Edward Macdowell Inc ($9.2m) and Bonita House Inc ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $993k (12% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $25.0m against liabilities of $2.9m, net assets of $22.1m. It reported 43 employees.