Kentucky Royal Elite

Analysis

Kentucky Royal Elite is a registered charity in United States, based in Florence, KY. It received its IRS tax-exemption ruling in September 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kentucky Royal Elite reported income of $91k and spending of $78k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $91k (+83%), an average of +83% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kentucky Royal Elite sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within KY. Charities of a similar size with the same main cause include Homer Stallions Youth Football ($91k), Marion-Bermuda Crusing Yacht Race Association Inc ($91k) and Seattle Pony Baseball League ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.