Foundation for Appalachian Kentucky Inc

Analysis

Foundation for Appalachian Kentucky Inc is a registered charity in United States, based in Hazard, KY. It received its IRS tax-exemption ruling in April 2000, 26 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, Foundation for Appalachian Kentucky Inc reported income of $11.8m and spending of $10.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.6m to $11.8m (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for Appalachian Kentucky Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Jewishcolorado ($11.8m), The Community Foundation of Shelby County ($11.8m) and Finance Fund Capital Corporation ($11.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $100k (0.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $31.5m against liabilities of $1.2m, net assets of $30.4m. It reported 32 employees.