Mayfield and Graves County Need Line Inc

Analysis

Mayfield and Graves County Need Line Inc is a registered charity in United States, based in Mayfield, KY. It received its IRS tax-exemption ruling in June 1985, 41 years ago. 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 December 2023, Mayfield and Graves County Need Line Inc reported income of $662k and spending of $208k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $281k to $662k (+136%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 182%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mayfield and Graves County Need Line Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within KY. Charities of a similar size with the same main cause include Willamette Medical Teams ($662k), Hale Mahaolu Elima Incorporated ($663k) and Fairfield United Soccer Association Inc ($662k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $27k (13% of expenses). At year end it held assets of $1.4m against liabilities of $2,559, net assets of $1.4m. It reported 1 employees.