Kentucky Science and Technology Corporation

Analysis

Kentucky Science and Technology Corporation is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in June 1988, 38 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 September 2023, Kentucky Science and Technology Corporation reported income of $7.2m and spending of $7.5m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.2m to $7.2m (+1.1%), an average of +0.3% a year. The sharpest change came in the year to September 2021, when income rose by 38%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kentucky Science and Technology Corporation 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 94th percentile, and in the 93rd percentile within KY. Charities of a similar size with the same main cause include Family Head Start ($7.2m), Westside Atlanta Charter School Inc ($7.2m) and Mid-Delta Health Systems Inc ($7.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $1.4m (18% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $23.7m against liabilities of $22.7m, net assets of $967k. It reported 45 employees.