Kentucky Center for Economic Policy Inc

Analysis

Kentucky Center for Economic Policy Inc is a registered charity in United States, based in Berea, KY. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Kentucky Center for Economic Policy Inc reported income of $1.2m and spending of $968k, spending 82% of its income. Across the 2 years on record, from June 2021 to June 2023, income fell from $2.5m to $1.2m (-53%), an average of -53% a year. The sharpest change came in the year to June 2023, when income dropped by 53%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kentucky Center for Economic Policy Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within KY. Charities of a similar size with the same main cause include Pennsylvania State Assn of County Fairs ($1.2m), North Dakota Petroleum Foundation ($1.2m) and Shaver Lake Civic League Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $95k (9.8% of expenses). Other salaries and wages came to $504k. At year end it held assets of $2.3m against liabilities of $151k, net assets of $2.2m.