Center of Owensboro Daviess County

Analysis

Center of Owensboro Daviess County is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in February 2020, 6 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 December 2023, Center of Owensboro Daviess County reported income of $233k and spending of $317k, spending 136% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $352k to $233k (-34%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center of Owensboro Daviess County sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within KY. Charities of a similar size with the same main cause include American Legion Department of Maine Foundation ($233k), Helping Hands ($233k) and Windham Neighbors Helping Neighbors ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $80k (25% of expenses). Other salaries and wages came to $137k. At year end it held assets of $41k against liabilities of $4,451, net assets of $36k. It reported 8 employees.