Breckinridge County United Inc
Breckinridge County United Inc experiences significant asset and liability growth with consistent zero officer compensation.
EIN: 204453817 · Hardinsburg, KY · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $819K |
| Total Expenses | $153K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1,540,647 |
| Net Assets | $130K |
| Transparency Score | 85/100 |
Is Breckinridge County United Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Breckinridge County United Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Breckinridge County United Inc
Breckinridge County United Inc (EIN: 204453817) is a nonprofit organization based in Hardinsburg, KY, classified under NTEE code S30. The organization reported total revenue of $819K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Breckinridge County United Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Breckinridge County United Inc is a small nonprofit that has been operating for 19 years, with 7 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $149K |
| Total Expenses | $153K |
| Surplus / Deficit | $-4,007 |
| Total Assets | $1.5M |
| Total Liabilities | $1.4M |
| Net Assets | $130K |
| Operating Margin | -2.7% |
| Debt-to-Asset Ratio | 91.6% |
| Months of Reserves | 120.5 months |
Financial Health Grade: C
In 2024, Breckinridge County United Inc reported a deficit of $4K with expenses exceeding revenue, holds 120.5 months of operating reserves (strong position), has a debt-to-asset ratio of 91.6% (high leverage).
Financial Trends
Over 7 years of filings (2011–2024), Breckinridge County United Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -0.5% | +132.0% | +693.9% |
| 2023 | +90.4% | +8.3% | +74.9% |
| 2022 | +32.5% | +13.4% | +19.2% |
| 2021 | +161.4% | +8.0% | +1176.1% |
| 2013 | +13.8% | -0.7% | -78.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Breckinridge County United Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Breckinridge County United Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 91.6%.
Executive Compensation Analysis
Breckinridge County United Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This is a strong positive for donor trust and suggests a volunteer-led or very lean executive structure, especially given the organization's growing asset base of $1,540,647 in 2024.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Breckinridge County United Inc's IRS 990 filings:
- Significant increase in liabilities without clear explanation in summary data
- Operational deficit in the most recent filing period (202406)
Strengths
The following positive indicators were identified for Breckinridge County United Inc:
- Consistent 0% officer compensation, indicating high efficiency in executive pay
- Significant growth in assets, potentially indicating successful capital campaigns or investments
- Positive revenue growth trend over the long term (e.g., $22,755 in 201306 to $149,359 in 202406)
Frequently Asked Questions about Breckinridge County United Inc
Is Breckinridge County United Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Breckinridge County United Inc (EIN: 204453817) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Breckinridge County United Inc spend its money?
Breckinridge County United Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Breckinridge County United Inc tax-deductible?
Breckinridge County United Inc is registered as a tax-exempt nonprofit (EIN: 204453817). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Breckinridge County United Inc CEO make?
Breckinridge County United Inc's highest-compensated officer earns $1,540,647 annually. The organization reported $819K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Breckinridge County United Inc's spending goes to programs?
Breckinridge County United Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Breckinridge County United Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Breckinridge County United Inc is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Breckinridge County United Inc located?
Breckinridge County United Inc is headquartered in Hardinsburg, Kentucky and files with the IRS under EIN 204453817. It is classified under NTEE code S30.
How many years of IRS 990 filings does Breckinridge County United Inc have?
Breckinridge County United Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $819K in total revenue.
What caused the significant increase in assets and liabilities between 2023 and 2024?
The organization's assets jumped from $194,072 in 202306 to $1,540,647 in 202406, with liabilities similarly increasing from $60,352 to $1,410,934. This suggests a major capital acquisition or project, likely financed by debt, which would require further detail from the full 990 filing to understand.
Is Breckinridge County United Inc financially stable given the recent operational deficit?
In the 202406 period, expenses ($153,366) slightly exceeded revenue ($149,359), resulting in a small operational deficit. While not ideal, the organization's substantial asset base of $1,540,647 provides a buffer, but the long-term sustainability depends on future revenue generation and managing the increased liabilities.
How does the organization fund its operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, or that the organization operates with a very lean administrative structure, relying on other staff or volunteers for day-to-day operations.
Filing History
IRS 990 filing history for Breckinridge County United Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2024), Breckinridge County United Inc's revenue has grown by 79.9%, moving from $83K to $149K. Total assets increased by 2298.7% over the same period, from $64K to $1.5M. Total functional expenses rose by 179.8%, from $55K to $153K. In its most recent filing year (2024), Breckinridge County United Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $1.5M in assets (debt-to-asset ratio: 91.6%), resulting in net assets of $130K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $149K | $153K | $1.5M | $1.4M | — | — |
| 2023 | $150K | $66K | $194K | $60K | — | View 990 |
| 2022 | $79K | $61K | $111K | $61K | — | View 990 |
| 2021 | $59K | $54K | $93K | $61K | — | View 990 |
| 2013 | $23K | $50K | $7K | $1K | — | View 990 |
| 2012 | $20K | $50K | $34K | $1K | — | View 990 |
| 2011 | $83K | $55K | $64K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $149K, expenses of $153K, and assets of $1.5M (revenue -0.5% year-over-year).
- 2023: Revenue of $150K, expenses of $66K, and assets of $194K (revenue +90.4% year-over-year).
- 2022: Revenue of $79K, expenses of $61K, and assets of $111K (revenue +32.5% year-over-year).
- 2021: Revenue of $59K, expenses of $54K, and assets of $93K (revenue +161.4% year-over-year).
- 2013: Revenue of $23K, expenses of $50K, and assets of $7K (revenue +13.8% year-over-year).
- 2012: Revenue of $20K, expenses of $50K, and assets of $34K (revenue -75.9% year-over-year).
- 2011: Revenue of $83K, expenses of $55K, and assets of $64K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Breckinridge County United Inc:
Data Sources and Methodology
This transparency report for Breckinridge County United Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.