Access Ministries Ky Inc

Analysis

Access Ministries Ky Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in April 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Access Ministries Ky Inc reported income of $331k and spending of $295k, spending 89% of its income. Across the 3 years on record, from June 2019 to June 2023, income grew from $257k to $331k (+29%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Access Ministries Ky Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within KY. Charities of a similar size with the same main cause include Mescals Childrens Center of Hope Inc ($331k), Eckstein Workshop and Activities Incorporated ($331k) and Nehemiahs Vision Inc ($331k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $119k. At year end it held assets of $286k against liabilities of $1,014, net assets of $285k. It reported 21 employees.