Louisville Bar Center Inc

Analysis

Louisville Bar Center Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover employment, 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, Louisville Bar Center Inc reported income of $66k and spending of $91k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $72k to $66k (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Louisville Bar Center Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within KY. Charities of a similar size with the same main cause include Rotary Club of Spencer Iowa ($66k), Co-Operate WNC ($66k) and Lincoln Heights Oasis Community Development Corporation ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 74% of the total. At year end it held assets of $887k against liabilities of $708k, net assets of $179k.