Owsley County Action Team Incorported

Analysis

Owsley County Action Team Incorported is a registered charity in United States, based in Booneville, KY. It received its IRS tax-exemption ruling in September 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, Owsley County Action Team Incorported reported income of $87k and spending of $112k, spending 129% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $95k to $87k (-8.5%), an average of -2.9% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Owsley County Action Team Incorported sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within KY. Charities of a similar size with the same main cause include Alliance for Housing Progress ($87k), Ranchin Vets ($87k) and Schilke-Novak Kids Sports Trust ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $32k (28% of expenses). Other salaries and wages came to $12k. At year end it held assets of $554k against liabilities of $18k, net assets of $536k. It reported 2 employees.