Generations Of Kentucky Inc
Generations Of Kentucky Inc faces declining revenue and consistent operating deficits in recent years.
EIN: 203059507 · Murray, KY · NTEE: P82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $217K |
| Total Expenses | $57K |
| Program Spending | 80% |
| Net Assets | $18K |
| Transparency Score | 65/100 |
Is Generations Of Kentucky Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Generations Of Kentucky Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Generations Of Kentucky Inc
Generations Of Kentucky Inc (EIN: 203059507) is a nonprofit organization based in Murray, KY, classified under NTEE code P82. The organization reported total revenue of $217K and total assets of $20K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Generations Of Kentucky Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Generations Of Kentucky Inc is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47K |
| Total Expenses | $57K |
| Surplus / Deficit | $-10,280 |
| Total Assets | $20K |
| Total Liabilities | $2K |
| Net Assets | $18K |
| Operating Margin | -21.8% |
| Debt-to-Asset Ratio | 11.8% |
| Months of Reserves | 4.2 months |
Financial Health Grade: B
In 2023, Generations Of Kentucky Inc reported a deficit of $10K with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 11.8% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Generations Of Kentucky Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.4% | -38.3% | -32.0% |
| 2022 | -45.8% | -30.1% | +110.0% |
| 2020 | -6.6% | -7.1% | -7.1% |
| 2019 | +2.7% | +7.6% | -1.1% |
| 2018 | +18.3% | +13.7% | +30.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Generations Of Kentucky Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Generations Of Kentucky Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.8%.
Executive Compensation Analysis
Generations Of Kentucky Inc consistently reports 0% officer compensation across all available filings, indicating that no portion of its revenue is allocated to executive salaries, which is a strong positive for resource allocation.
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 Generations Of Kentucky Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $10,280 deficit in 2023, $20,078 deficit in 2022).
- Significant decline in revenue from $134,761 in 2020 to $47,164 in 2023.
- Decreasing asset base from $29,766 in 2022 to $20,245 in 2023, limiting financial reserves.
Strengths
The following positive indicators were identified for Generations Of Kentucky Inc:
- Consistently reports 0% officer compensation, indicating efficient use of funds for its mission.
- Low liabilities relative to assets, suggesting manageable debt.
Frequently Asked Questions about Generations Of Kentucky Inc
Is Generations Of Kentucky Inc a legitimate charity?
Generations Of Kentucky Inc (EIN: 203059507) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $217K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Generations Of Kentucky Inc spend its money?
Generations Of Kentucky Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Generations Of Kentucky Inc tax-deductible?
Generations Of Kentucky Inc is registered as a tax-exempt nonprofit (EIN: 203059507). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Generations Of Kentucky Inc's spending goes to programs?
Generations Of Kentucky Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Generations Of Kentucky Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Generations Of Kentucky Inc is above average for NTEE category P82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Generations Of Kentucky Inc located?
Generations Of Kentucky Inc is headquartered in Murray, Kentucky and files with the IRS under EIN 203059507. It is classified under NTEE code P82.
How many years of IRS 990 filings does Generations Of Kentucky Inc have?
Generations Of Kentucky Inc has 12 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 $217K in total revenue.
Is Generations Of Kentucky Inc a good charity?
Generations Of Kentucky Inc demonstrates a commitment to its mission by not paying officer compensation. However, its recent financial performance, with declining revenue and consistent operating deficits in 2022 and 2023, raises concerns about its long-term financial stability and ability to sustain its programs.
What caused the significant drop in revenue from 2020 to 2023?
The provided data shows a substantial decline in revenue from $134,761 in 2020 to $47,164 in 2023. Without further information from the 990 filings, the specific causes for this decline are unclear, but it warrants further investigation.
How does the organization plan to address its operating deficits?
In both 2022 and 2023, the organization's expenses exceeded its revenue (e.g., $57,444 expenses vs. $47,164 revenue in 2023). The filings do not provide details on strategies to mitigate these deficits, which is a critical concern for sustainability.
Filing History
IRS 990 filing history for Generations Of Kentucky Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Generations Of Kentucky Inc's revenue has declined by 71.8%, moving from $167K to $47K. Total assets increased by 8.9% over the same period, from $19K to $20K. Total functional expenses fell by 64.6%, from $162K to $57K. In its most recent filing year (2023), Generations Of Kentucky Inc reported a deficit of $10K, with expenses exceeding revenue. The organization holds $2K in liabilities against $20K in assets (debt-to-asset ratio: 11.8%), resulting in net assets of $18K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47K | $57K | $20K | $2K | — | — |
| 2022 | $73K | $93K | $30K | $2K | — | — |
| 2020 | $135K | $133K | $14K | $7K | — | View 990 |
| 2019 | $144K | $143K | $15K | $10K | — | View 990 |
| 2018 | $141K | $133K | $15K | $11K | — | View 990 |
| 2017 | $119K | $117K | $12K | $15K | — | View 990 |
| 2016 | $106K | $106K | $14K | $19K | — | View 990 |
| 2015 | $120K | $127K | $22K | $26K | — | View 990 |
| 2014 | $117K | $125K | $28K | $25K | — | View 990 |
| 2013 | $146K | $145K | $18K | $7K | — | View 990 |
| 2012 | $145K | $147K | $19K | $10K | — | View 990 |
| 2011 | $167K | $162K | $19K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47K, expenses of $57K, and assets of $20K (revenue -35.4% year-over-year).
- 2022: Revenue of $73K, expenses of $93K, and assets of $30K (revenue -45.8% year-over-year).
- 2020: Revenue of $135K, expenses of $133K, and assets of $14K (revenue -6.6% year-over-year).
- 2019: Revenue of $144K, expenses of $143K, and assets of $15K (revenue +2.7% year-over-year).
- 2018: Revenue of $141K, expenses of $133K, and assets of $15K (revenue +18.3% year-over-year).
- 2017: Revenue of $119K, expenses of $117K, and assets of $12K (revenue +12.5% year-over-year).
- 2016: Revenue of $106K, expenses of $106K, and assets of $14K (revenue -11.7% year-over-year).
- 2015: Revenue of $120K, expenses of $127K, and assets of $22K (revenue +2.3% year-over-year).
- 2014: Revenue of $117K, expenses of $125K, and assets of $28K (revenue -20.1% year-over-year).
- 2013: Revenue of $146K, expenses of $145K, and assets of $18K (revenue +0.9% year-over-year).
- 2012: Revenue of $145K, expenses of $147K, and assets of $19K (revenue -13.1% year-over-year).
- 2011: Revenue of $167K, expenses of $162K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Generations Of Kentucky Inc:
Data Sources and Methodology
This transparency report for Generations Of Kentucky 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.