Kentucky Highlands Community Development Corporation

Analysis

Kentucky Highlands Community Development Corporation is a registered charity in United States, based in London, KY. It received its IRS tax-exemption ruling in May 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Kentucky Highlands Community Development Corporation reported income of $1.5m and spending of $1.5m, spending 102% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $978k to $1.5m (+52%), an average of +11% a year. The sharpest change came in the year to March 2020, when income rose by 31%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kentucky Highlands Community Development Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within KY. Charities of a similar size with the same main cause include Christian Services Inc of America ($1.5m), Self Advocacy Association of New York State Inc ($1.5m) and Gust K Newberg Chritable Trust ($1.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. At year end it held assets of $5.0m against liabilities of $3.3m, net assets of $1.7m.