Kentucky Association Of Career Colleges And Schools Inc
Kentucky Association Of Career Colleges And Schools Inc experiences significant revenue decline and operates with minimal assets.
EIN: 203369933 · Louisville, KY · NTEE: S40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $30K |
| Total Expenses | $32K |
| Program Spending | 80% |
| Net Assets | $2K |
| Transparency Score | 60/100 |
Is Kentucky Association Of Career Colleges And Schools Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kentucky Association Of Career Colleges And Schools Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kentucky Association Of Career Colleges And Schools Inc
Kentucky Association Of Career Colleges And Schools Inc (EIN: 203369933) is a nonprofit organization based in Louisville, KY, classified under NTEE code S40. The organization reported total revenue of $30K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kentucky Association Of Career Colleges And Schools Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kentucky Association Of Career Colleges And Schools Inc is a micro nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2013–2020). Revenue has grown at a compound annual rate of -18.2%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $32K |
| Surplus / Deficit | $-2,097 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | -7.0% |
| Months of Reserves | 0.7 months |
Financial Health Grade: C
In 2020, Kentucky Association Of Career Colleges And Schools Inc reported a deficit of $2K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited).
Financial Trends
Over 8 years of filings (2013–2020), Kentucky Association Of Career Colleges And Schools Inc's revenue has declined at a compound annual growth rate (CAGR) of -18.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -41.8% | -36.9% | -52.5% |
| 2019 | -14.6% | -50.7% | +1132.1% |
| 2018 | -36.3% | -7.8% | -99.2% |
| 2017 | -41.3% | -8.4% | -30.9% |
| 2016 | +101.4% | +2.4% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
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 Kentucky Association Of Career Colleges And Schools Inc with a Mission Score of 60 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, Kentucky Association Of Career Colleges And Schools 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation is consistently reported as 0% across all available filings, suggesting a volunteer-led organization or that compensation is covered by other means not reflected in this data, which is unusual for an organization with consistent expenses.
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 Kentucky Association Of Career Colleges And Schools Inc's IRS 990 filings:
- Significant and consistent decline in revenue over multiple years (from $161,410 in 2016 to $29,946 in 2020).
- Minimal asset base ($1,895 in 2020) indicating lack of financial reserves.
- Expenses frequently exceed revenue, leading to small deficits (e.g., $32,043 expenses vs. $29,946 revenue in 2020).
- Consistent 0% officer compensation, which could indicate a lack of transparency if leadership is compensated indirectly.
Strengths
The following positive indicators were identified for Kentucky Association Of Career Colleges And Schools Inc:
- No reported liabilities across all filing periods, indicating a debt-free operation.
- Consistent filing of IRS 990 forms, demonstrating a commitment to regulatory compliance.
Frequently Asked Questions about Kentucky Association Of Career Colleges And Schools Inc
Is Kentucky Association Of Career Colleges And Schools Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kentucky Association Of Career Colleges And Schools Inc (EIN: 203369933) some concerns. Mission Score: 60/100. 4 red flags identified, 2 strengths noted.
How does Kentucky Association Of Career Colleges And Schools Inc spend its money?
Kentucky Association Of Career Colleges And Schools Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kentucky Association Of Career Colleges And Schools Inc tax-deductible?
Kentucky Association Of Career Colleges And Schools Inc is registered as a tax-exempt nonprofit (EIN: 203369933). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kentucky Association Of Career Colleges And Schools Inc's spending goes to programs?
Kentucky Association Of Career Colleges And Schools Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kentucky Association Of Career Colleges And Schools Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Kentucky Association Of Career Colleges And Schools Inc is above average for NTEE category S40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kentucky Association Of Career Colleges And Schools Inc located?
Kentucky Association Of Career Colleges And Schools Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 203369933. It is classified under NTEE code S40.
How many years of IRS 990 filings does Kentucky Association Of Career Colleges And Schools Inc have?
Kentucky Association Of Career Colleges And Schools Inc has 8 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 $30K in total revenue.
What is the primary source of the organization's revenue, given its significant decline?
The provided data does not specify revenue sources, but the sharp decline from $161,410 in 2016 to $29,946 in 2020 suggests a loss of a major funding stream or membership base.
How does the organization cover its expenses if officer compensation is consistently 0%?
The consistent 0% officer compensation suggests that leadership may be entirely volunteer-based, or that compensation is paid through an affiliated entity or mechanism not captured in these summary figures, which would warrant further investigation into the full 990 forms.
What are the specific program activities and how are they funded with such low revenue?
With 2020 revenue of $29,946 and expenses of $32,043, the organization operates on a very tight budget. The specific program activities are not detailed in this summary, but they must be very limited in scope given the financial constraints.
Filing History
IRS 990 filing history for Kentucky Association Of Career Colleges And Schools Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2020), Kentucky Association Of Career Colleges And Schools Inc's revenue has declined by 75.6%, moving from $122K to $30K. Total assets decreased by 90.2% over the same period, from $19K to $2K. Total functional expenses fell by 73.8%, from $122K to $32K. In its most recent filing year (2020), Kentucky Association Of Career Colleges And Schools Inc reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $30K | $32K | $2K | $0 | — | — |
| 2019 | $51K | $51K | $4K | $0 | — | View 990 |
| 2018 | $60K | $103K | $324 | $0 | — | View 990 |
| 2017 | $95K | $112K | $43K | $0 | — | View 990 |
| 2016 | $161K | $122K | $62K | $0 | — | View 990 |
| 2015 | $80K | $119K | $0 | $0 | — | View 990 |
| 2014 | $162K | $120K | $62K | $0 | — | View 990 |
| 2013 | $122K | $122K | $19K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $30K, expenses of $32K, and assets of $2K (revenue -41.8% year-over-year).
- 2019: Revenue of $51K, expenses of $51K, and assets of $4K (revenue -14.6% year-over-year).
- 2018: Revenue of $60K, expenses of $103K, and assets of $324 (revenue -36.3% year-over-year).
- 2017: Revenue of $95K, expenses of $112K, and assets of $43K (revenue -41.3% year-over-year).
- 2016: Revenue of $161K, expenses of $122K, and assets of $62K (revenue +101.4% year-over-year).
- 2015: Revenue of $80K, expenses of $119K, and assets of $0 (revenue -50.5% year-over-year).
- 2014: Revenue of $162K, expenses of $120K, and assets of $62K (revenue +32.2% year-over-year).
- 2013: Revenue of $122K, expenses of $122K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kentucky Association Of Career Colleges And Schools Inc:
Data Sources and Methodology
This transparency report for Kentucky Association Of Career Colleges And Schools 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.