Kentucky Medical Services Foundation Inc

Analysis

Kentucky Medical Services Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in April 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kentucky Medical Services Foundation Inc reported income of $373.7m and spending of $375.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $382.0m to $373.7m (-2.2%), an average of -0.5% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kentucky Medical Services Foundation 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 100th percentile, and in the 100th percentile within KY. Charities of a similar size with the same main cause include Stephen Siller Tunnel to Towers Foundation ($373.0m), Bucknell University ($379.0m) and Providence College ($372.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 93% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $225.4m against liabilities of $201.7m, net assets of $23.7m. It reported 219 employees.