Kentucky Association for Academic Competition Inc

Analysis

Kentucky Association for Academic Competition Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in March 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Kentucky Association for Academic Competition Inc reported income of $767k and spending of $727k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $623k to $767k (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kentucky Association for Academic Competition Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within KY. Charities of a similar size with the same main cause include Code for Fun ($766k), Prince Georges County Memorial Library System Foundation Inc ($767k) and Sages Education and Research Foundation ($766k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $68k (9.4% of expenses). Other salaries and wages came to $147k. At year end it held assets of $1.1m against liabilities of $68k, net assets of $1.0m. It reported 5 employees.