Community Foundation of West Kentucky Inc

Analysis

Community Foundation of West Kentucky Inc is a registered charity in United States, based in Paducah, KY. It received its IRS tax-exemption ruling in August 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 West Kentucky Inc reported income of $9.5m and spending of $9.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $9.5m (+133%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 56% 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 West Kentucky Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include The Tom Coughlin Jay Fund Foundation Inc ($9.5m), K18n Foundation ($9.5m) and Rally Foundation Inc ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $143k (1.5% of expenses). Other salaries and wages came to $230k. At year end it held assets of $47.7m against liabilities of $6.1m, net assets of $41.5m. It reported 6 employees.