Kentucky Horse Park Foundation Inc

Analysis

Kentucky Horse Park Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 May 2024, Kentucky Horse Park Foundation Inc reported income of $1.9m and spending of $1.6m, spending 88% of its income. Across the 6 years on record, from May 2019 to May 2024, income fell from $1.9m to $1.9m (-3.1%), an average of -0.6% a year. The sharpest change came in the year to May 2021, when income rose by 47%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kentucky Horse Park Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within KY. Charities of a similar size with the same main cause include St Petersburg Baseball Commission Inc ($1.9m), Greater Gig Harbor Foundation ($1.9m) and Kitsap Fair and Stampede Association ($1.9m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 65% and program service revenue 3.9% of the total. Other salaries and wages came to $392k. At year end it held assets of $14.0m against liabilities of $409k, net assets of $13.6m. It reported 6 employees.