Arts of Southern Kentucky Inc

Analysis

Arts of Southern Kentucky Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Arts of Southern Kentucky Inc reported income of $4.7m and spending of $3.5m, leaving 26% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $2.4m to $4.7m (+99%), an average of +41% a year. The sharpest change came in the year to June 2022, when income rose by 129%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts of Southern Kentucky Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KY. Charities of a similar size with the same main cause include North Central Soybean Research Program ($4.7m), Building Change Inc ($4.7m) and Bill Edwards Foundation for the Arts Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 51% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $8.9m against liabilities of $2.7m, net assets of $6.2m. It reported 100 employees.