Augusta Ferry Authority Inc

Analysis

Augusta Ferry Authority Inc is a registered charity in United States, based in Augusta, KY. It received its IRS tax-exemption ruling in January 1999, 27 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, Augusta Ferry Authority Inc reported income of $493k and spending of $414k, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $345k to $493k (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Augusta Ferry Authority Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within KY. Charities of a similar size with the same main cause include Atlanta Preservation Center Inc 401 ($493k), World Museum of Mining Inc ($493k) and A V a Ballet Theatre ($493k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $23k (5.7% of expenses). Other salaries and wages came to $200k. At year end it held assets of $255k against liabilities of $1,633, net assets of $254k. It reported 7 employees.