Beargrass Conservancy Inc

Analysis

Beargrass Conservancy Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 2019, 7 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 January 2024, Beargrass Conservancy Inc reported income of $1.1m and spending of $1.4m, spending 133% of what it took in. Across the 3 years on record, from January 2022 to January 2024, income grew from $664k to $1.1m (+64%), an average of +28% a year. The sharpest change came in the year to January 2024, when income rose by 88%. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Beargrass Conservancy Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within KY. Charities of a similar size with the same main cause include Pennsylvania Downtown Center Inc ($1.1m), Paco Community Development Corporation ($1.1m) and Plumbers & Steamfitters Local Union 112 Educ & Appren Fund ($1.1m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 60% and program service revenue 40% of the total. Other salaries and wages came to $146k. At year end it held assets of $439k against liabilities of $748k, net assets of -$309k. It reported 4 employees.