Blue Grass Community Foundation Inc

Analysis

Blue Grass Community Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in January 1968, 58 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 June 2023, Blue Grass Community Foundation Inc reported income of $57.2m and spending of $27.9m, leaving 51% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.1m to $57.2m (+128%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Blue Grass Community Foundation Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Goldman Sachs Charitable Gift Fund ($56.9m), Prostate Cancer Foundation ($57.3m) and Tigers Unlimited Foundation ($56.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $440k (1.6% of expenses). Other salaries and wages came to $794k. At year end it held assets of $223.4m against liabilities of $22.6m, net assets of $200.8m. It reported 15 employees.