Kentucky All a Classic Inc

Analysis

Kentucky All a Classic Inc is a registered charity in United States, based in Albany, KY. It received its IRS tax-exemption ruling in December 1989, 37 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 June 2024, Kentucky All a Classic Inc reported income of $249k and spending of $290k, spending 117% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $305k to $249k (-18%), an average of -4.9% a year. The sharpest change came in the year to June 2022, when income rose by 77%. 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 All a Classic Inc sits at the 57th 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 South Coast Chorale Inc ($249k), Marysville Uptown Theatre LLC ($249k) and Lincoln Youth Baseball Organization ($249k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% and program service revenue 63% of the total. At year end it held assets of $200k against liabilities of $24k, net assets of $176k.