Licking Valley College Development Corporation Inc

Analysis

Licking Valley College Development Corporation Inc is a registered charity in United States, based in Maysville, KY. It received its IRS tax-exemption ruling in April 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Licking Valley College Development Corporation Inc reported income of $476k and spending of $310k, leaving 35% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $605k to $476k (-21%), an average of -7.7% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Licking Valley College Development Corporation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within KY. Charities of a similar size with the same main cause include Morningside Day-Out Inc ($476k), Adlerian School Association Inc ($476k) and All Saints Elementary of Tipperaryhill ($475k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $2.9m against liabilities of $4,727, net assets of $2.9m.