Louisville Third Century Inc

Analysis

Louisville Third Century Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 1990, 36 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Louisville Third Century Inc reported income of $247k and spending of $313k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $298k to $247k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Louisville Third Century 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 58th percentile, and in the 58th percentile within KY. Charities of a similar size with the same main cause include Fire FC ($247k), Charleston Moves ($247k) and Peters Township Soccer Association ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% of the total. Other salaries and wages came to $147k. At year end it held assets of $143k against liabilities of $44k, net assets of $100k. It reported 3 employees.