World Affairs Council of Kentucky Southern Indiana

Analysis

World Affairs Council of Kentucky Southern Indiana is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 1986, 40 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 June 2024, World Affairs Council of Kentucky Southern Indiana reported income of $308k and spending of $408k, spending 133% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $335k to $308k (-8.1%), an average of -1.7% a year. The sharpest change came in the year to June 2022, when income rose by 72%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, World Affairs Council of Kentucky Southern Indiana sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within KY. Charities of a similar size with the same main cause include Campanile Center for the Arts Inc ($308k), Ignite Theatre Company ($308k) and Mystic Arts Foundation ($308k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $61k (15% of expenses). Other salaries and wages came to $93k. At year end it held assets of $152k against liabilities of $2,093, net assets of $150k. It reported 6 employees.