Ashland Community Kitchen Inc

Analysis

Ashland Community Kitchen Inc is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in October 1987, 39 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, Ashland Community Kitchen Inc reported income of $248k and spending of $275k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $362k to $248k (-32%), an average of -9.0% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ashland Community Kitchen Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within KY. Charities of a similar size with the same main cause include Roseville Area Ambulance SVC ($248k), Des Plaines Historical Society ($248k) and Connecting Cultures Mobile Museum ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $24k (8.7% of expenses). Other salaries and wages came to $52k. At year end it held assets of $445k against liabilities of -$871, net assets of $446k. It reported 5 employees.