Community Foundation of South Central Kentucky Inc

Analysis

Community Foundation of South Central Kentucky Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Community Foundation of South Central Kentucky Inc reported income of $3.5m and spending of $2.6m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.5m (+74%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of South Central Kentucky Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KY. Charities of a similar size with the same main cause include Florida Cancer Specialists Foundation Inc ($3.5m), Ellsworth County Health Care ($3.5m) and United Way of Central Jersey Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $68k (2.6% of expenses). Other salaries and wages came to $53k. At year end it held assets of $22.1m against liabilities of $4.3m, net assets of $17.9m. It reported 5 employees.