Presbyterian Homes and Services of Ky Inc

Analysis

Presbyterian Homes and Services of Ky Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Presbyterian Homes and Services of Ky Inc reported income of $10.7m and spending of $14.0m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $24.5m to $10.7m (-56%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Homes and Services of Ky Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Young Mens Christian Assn of Kalamazoo ($10.7m), Childrens Home of Bradford Pa ($10.7m) and United Methodist Homes Inc ($10.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Other salaries and wages came to $6.4m. At year end it held assets of $18.0m against liabilities of $12.1m, net assets of $5.9m. It reported 339 employees.