Kentucky Financial Empowerment Foundation Incorporated

Analysis

Kentucky Financial Empowerment Foundation Incorporated is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Kentucky Financial Empowerment Foundation Incorporated reported income of $199k and spending of $189k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $228k to $199k (-13%), an average of -4.5% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kentucky Financial Empowerment Foundation Incorporated sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within KY. Charities of a similar size with the same main cause include Dunedin Public Library Foundation Inc ($199k), Pride of Falcon Nation Boosters ($199k) and San Marcos Prevention Coalition ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $95k (50% of expenses). Other salaries and wages came to $9,158. At year end it held assets of $452k against liabilities of $0, net assets of $452k. It reported 6 employees.