Family Trust Foundation of Kentucky Inc

Analysis

Family Trust Foundation of Kentucky Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in November 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Family Trust Foundation of Kentucky Inc reported income of $706k and spending of $638k, spending 90% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $567k to $706k (+24%), an average of +4.5% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Trust Foundation of Kentucky Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within KY. Charities of a similar size with the same main cause include Community Assimilation Through Responsive Education Inc ($706k), Southwest Family Ministries ($706k) and Apoyo Incorporated ($706k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $112k (18% of expenses). Other salaries and wages came to $187k. At year end it held assets of $1.1m against liabilities of $2,299, net assets of $1.1m. It reported 6 employees.