Louisville Regional Airlift Development Inc

Analysis

Louisville Regional Airlift Development Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Louisville Regional Airlift Development Inc reported income of $658k and spending of $1.1m, spending 170% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $658k (-76%), an average of -30% a year. The sharpest change came in the year to December 2023, when income rose by 163%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Louisville Regional Airlift Development Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within KY. Charities of a similar size with the same main cause include Women Veterans Ignited Inc ($658k), Downtown Amherst Foundation ($658k) and LA Plaza Delaware Inc ($658k).

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 $815k against liabilities of $0, net assets of $815k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.