Historic Locust Grove Inc

Analysis

Historic Locust Grove Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 2001, 25 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 2023, Historic Locust Grove Inc reported income of $872k and spending of $905k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $872k (-33%), an average of -9.4% a year. The sharpest change came in the year to June 2020, when income dropped by 45%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Locust Grove Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within KY. Charities of a similar size with the same main cause include Friends of the Childrens Museum at LA Habra Inc ($871k), Houston Museum of African American Culture ($872k) and Foundation for the Future of Literature and Literacy ($871k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 6.5% of the total. Other salaries and wages came to $420k. At year end it held assets of $10.4m against liabilities of $1.8m, net assets of $8.6m. It reported 20 employees.