Kentucky Academy of Science

Analysis

Kentucky Academy of Science is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 1965, 61 years ago. 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, Kentucky Academy of Science reported income of $171k and spending of $138k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $171k (+75%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kentucky Academy of Science sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within KY. Charities of a similar size with the same main cause include Parent Booster USA Inc ($171k), New Life Ministries ($171k) and Economics Club of Florida Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $32k (23% of expenses). At year end it held assets of $822k against liabilities of $0, net assets of $822k. It reported 1 employees.