Citizens of Louisville Organized and United Together Inc

Analysis

Citizens of Louisville Organized and United Together Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 1996, 30 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 December 2023, Citizens of Louisville Organized and United Together Inc reported income of $241k and spending of $304k, spending 126% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $261k to $241k (-7.6%), an average of -1.6% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Citizens of Louisville Organized and United Together Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within KY. Charities of a similar size with the same main cause include Back of the Hill Community Development Corporation ($241k), Revolt Ministries ($241k) and West End Community Development Corporation ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $68k (22% of expenses). Other salaries and wages came to $76k. At year end it held assets of $175k against liabilities of $31k, net assets of $144k. It reported 3 employees.