Dv8 Kitchen Vocational Training Foundation Inc

Analysis

Dv8 Kitchen Vocational Training Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in February 2018, 8 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, Dv8 Kitchen Vocational Training Foundation Inc reported income of $621k and spending of $531k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $466k to $621k (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dv8 Kitchen Vocational Training Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within KY. Charities of a similar size with the same main cause include Spark Preschool ($621k), Friends of Hoboken Dual Language Charter School Inc ($621k) and Sleepy Hollow Parents Club Inc ($621k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. Other salaries and wages came to $202k. At year end it held assets of $477k against liabilities of $59k, net assets of $418k. It reported 18 employees.