Amplify Louisville Inc

Analysis

Amplify Louisville Inc is a registered charity in United States, based in Louisville, 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Amplify Louisville Inc reported income of $1.1m and spending of $963k, spending 90% of its income. Across the 3 years on record, from June 2020 to June 2022, income grew from $473k to $1.1m (+126%), an average of +50% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Amplify Louisville 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 Up - Ipade Foundation Inc ($1.1m), Boston-Thurmond Innovation Network ($1.1m) and Front Porch Alliance-Kansas City Inc ($1.1m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $148k (15% of expenses). Other salaries and wages came to $154k. At year end it held assets of $170k against liabilities of $100k, net assets of $70k. It reported 4 employees.