Eky Heritage Foundation Inc

Analysis

Eky Heritage Foundation Inc is a registered charity in United States, based in Whitesburg, KY. It received its IRS tax-exemption ruling in August 2020, 6 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, Eky Heritage Foundation Inc reported income of $87k and spending of $398k, spending 458% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $402k to $87k (-78%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 73%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Eky Heritage Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within KY. Charities of a similar size with the same main cause include Lima Crossroads Council Inc ($87k), Pittsburg Area Chamber Foundation ($87k) and Bunny Friend Neighborhoodassociation Inc ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $115k. At year end it held assets of $425k against liabilities of $75k, net assets of $349k. It reported 3 employees.