United Fund Drive of Calvert City

Analysis

United Fund Drive of Calvert City is a registered charity in United States, based in Calvert City, KY. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, United Fund Drive of Calvert City reported income of $94k and spending of $94k, spending 100% of its income. Across the 3 years on record, from September 2021 to September 2023, income fell from $135k to $94k (-30%), an average of -16% a year. The sharpest change came in the year to September 2022, when income dropped by 19%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, United Fund Drive of Calvert City sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within KY. Charities of a similar size with the same main cause include Vocational Construction Trades Inc ($94k), Startup Champions Network Inc ($94k) and Immigrant Resource Center of Miami Inc ($94k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.