Ky Hospital Research & Education Foundation Inc

Analysis

Ky Hospital Research & Education Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 1969, 57 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ky Hospital Research & Education Foundation Inc reported income of $7.3m and spending of $7.4m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $7.3m (+110%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 215%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ky Hospital Research & Education Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within KY. Charities of a similar size with the same main cause include Allegany County Community Opportunities and Rural Developmen ($7.3m), Beis Sefer Govoha Lebanos Sara Schenirer ($7.3m) and Riordan Clinic Inc ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.2% of the total. At year end it held assets of $12.8m against liabilities of $10.8m, net assets of $2.0m.