Kentucky Community & Technical College System Foundation Inc

Analysis

Kentucky Community & Technical College System Foundation Inc is a registered charity in United States, based in Versailles, KY. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kentucky Community & Technical College System Foundation Inc reported income of $4.1m and spending of $1.9m, leaving 54% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $4.1m (+256%), an average of +53% a year. The sharpest change came in the year to June 2021, when income rose by 130%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kentucky Community & Technical College System Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include Excellence in Leadership Academy ($4.1m), Local Union 164 Electrical Joint Apprenticeship and Training Trust ($4.1m) and Joshuas City School Incorporated ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13.8m against liabilities of $1.3m, net assets of $12.5m.