Kentucky Association of School Councils

Analysis

Kentucky Association of School Councils is a registered charity in United States, based in Danville, KY. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Kentucky Association of School Councils reported income of $422k and spending of $447k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $509k to $422k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kentucky Association of School Councils sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within KY. Charities of a similar size with the same main cause include Theatre Rhinoceros Incorporated ($421k), Science Museums of Wilson Inc ($422k) and San Diego Watercolor Society ($421k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 29% of the total. Other salaries and wages came to $77k. At year end it held assets of $308k against liabilities of $21k, net assets of $287k. It reported 3 employees.