Kentucky Global Arts Initiative Corporation

Analysis

Kentucky Global Arts Initiative Corporation is a registered charity in United States, based in Benton, KY. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kentucky Global Arts Initiative Corporation reported income of $209k and spending of $224k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $201k to $209k (+4.1%), an average of +4.1% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kentucky Global Arts Initiative Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within KY. Charities of a similar size with the same main cause include Wonder World Educational Programs Incorporated ($209k), Global Center for Cybersecurity at Cortex ($209k) and Arcade Free Library ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $743, net assets of -$743.