Kentucky Financial Empowerment Foundation Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 228,495 | 29,172 | 199,323 | 82.0 | 74% |
| 2021 | 262,180 | 89,706 | 172,474 | 49.1 | 73% |
| 2022 | 197,726 | 122,664 | 75,062 | 43.2 | 54% |
| 2023 | 198,771 | 188,978 | 9,793 | 28.7 | 55% |
In its most recent public year (2023), this organization brought in $9,793 more than it spent. Its reserves stood at about 28.7 months of spending, down from 82 in 2020. Staff pay was 55% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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