Kentucky Bourbon Festival Inc

Analysis

Kentucky Bourbon Festival Inc is a registered charity in United States, based in Bardstown, KY. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Kentucky Bourbon Festival Inc reported income of $1.6m and spending of $1.6m, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $303k to $1.6m (+421%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 180%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kentucky Bourbon Festival 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 84th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include Duluth Heritage Sports Center ($1.6m), Eastern Washington Surf SC ($1.6m) and Soccer Association of Boca Raton Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $206k (13% of expenses). At year end it held assets of $318k against liabilities of $94k, net assets of $224k. It reported 2 employees.