Foundation for Youth Initiatives in Kentucky Inc

Analysis

Foundation for Youth Initiatives in Kentucky Inc is a registered charity in United States, based in Nicholasville, KY. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Foundation for Youth Initiatives in Kentucky Inc reported income of $104k and spending of $81k, leaving 22% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $132k to $104k (-21%), an average of -21% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Foundation for Youth Initiatives in Kentucky Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within KY. Charities of a similar size with the same main cause include Warren Youth Basketball Assoc ($104k), Little League Baseball Inc ($104k) and Wilmington Boys Travel Basketball Inc ($104k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 10% of the total. At year end it held assets of $34k against liabilities of $1,450, net assets of $33k.