Commonwealth Fund for Ket Inc

Analysis

Commonwealth Fund for Ket Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in July 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Commonwealth Fund for Ket Inc reported income of $15.0m and spending of $12.8m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.2m to $15.0m (+109%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 111%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Commonwealth Fund for Ket Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Equis Institute ($15.0m), Project Liberty Institute ($15.0m) and Salzburg Global Seminar Inc ($15.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% of the total. At year end it held assets of $45.2m against liabilities of $724k, net assets of $44.4m.