Kentucky Seed Improvement Association
EIN: 610544959 · Lexington, KY · NTEE: K03
| Metric | Value |
|---|---|
| Total Revenue | $155K |
| Total Expenses | $200K |
| Net Assets | $5K |
Is Kentucky Seed Improvement Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kentucky Seed Improvement Association
Kentucky Seed Improvement Association (EIN: 610544959) is a nonprofit organization based in Lexington, KY, classified under NTEE code K03. The organization reported total revenue of $155K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kentucky Seed Improvement Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kentucky Seed Improvement Association is a small nonprofit that has been operating for 83 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $155K |
| Total Expenses | $200K |
| Surplus / Deficit | $-44,487 |
| Total Assets | $6K |
| Total Liabilities | $311 |
| Net Assets | $5K |
| Operating Margin | -28.6% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 0.3 months |
Financial Health Grade: C
In 2023, Kentucky Seed Improvement Association reported a deficit of $44K with expenses exceeding revenue, holds 0.3 months of operating reserves (limited), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Kentucky Seed Improvement Association's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.0% | +5.5% | -88.7% |
| 2022 | -9.4% | -4.3% | -42.1% |
| 2021 | +3.7% | -0.2% | -25.3% |
| 2020 | -26.0% | -14.6% | -23.4% |
| 2019 | -13.3% | -12.2% | -8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1943 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kentucky Seed Improvement Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kentucky Seed Improvement Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.4%.
Frequently Asked Questions about Kentucky Seed Improvement Association
Is Kentucky Seed Improvement Association a legitimate charity?
Kentucky Seed Improvement Association (EIN: 610544959) is a registered tax-exempt nonprofit based in Kentucky. It has 14 years of IRS 990 filings on record. Total revenue: $155K. No red flags identified. Financial health grade: C.
How does Kentucky Seed Improvement Association spend its money?
Kentucky Seed Improvement Association reported $155K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Kentucky Seed Improvement Association tax-deductible?
Kentucky Seed Improvement Association is registered as a tax-exempt nonprofit (EIN: 610544959). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kentucky Seed Improvement Association located?
Kentucky Seed Improvement Association is headquartered in Lexington, Kentucky and files with the IRS under EIN 610544959. It is classified under NTEE code K03.
How many years of IRS 990 filings does Kentucky Seed Improvement Association have?
Kentucky Seed Improvement Association has 14 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 $155K in total revenue.
Filing History
IRS 990 filing history for Kentucky Seed Improvement Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Kentucky Seed Improvement Association's revenue has declined by 23%, moving from $202K to $155K. Total assets decreased by 97.5% over the same period, from $232K to $6K. Total functional expenses fell by 59.1%, from $489K to $200K. In its most recent filing year (2023), Kentucky Seed Improvement Association reported a deficit of $44K, with expenses exceeding revenue. The organization holds $311 in liabilities against $6K in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $5K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $155K | $200K | $6K | $311 | — | — |
| 2022 | $152K | $190K | $51K | $1K | — | View 990 |
| 2021 | $168K | $198K | $89K | $1K | — | View 990 |
| 2020 | $162K | $199K | $119K | $1K | — | — |
| 2019 | $219K | $233K | $155K | $1K | — | View 990 |
| 2018 | $253K | $265K | $168K | $1K | — | View 990 |
| 2017 | $242K | $249K | $181K | $2K | — | — |
| 2016 | $238K | $284K | $188K | $2K | — | View 990 |
| 2015 | $288K | $281K | $234K | $2K | — | View 990 |
| 2014 | $352K | $355K | $228K | $2K | — | View 990 |
| 2013 | $306K | $313K | $230K | $1K | — | View 990 |
| 2012 | $330K | $325K | $237K | $145K | — | View 990 |
| 2012 | $330K | $325K | $237K | $145K | — | — |
| 2011 | $202K | $489K | $232K | $145K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $155K, expenses of $200K, and assets of $6K (revenue +2.0% year-over-year).
- 2022: Revenue of $152K, expenses of $190K, and assets of $51K (revenue -9.4% year-over-year).
- 2021: Revenue of $168K, expenses of $198K, and assets of $89K (revenue +3.7% year-over-year).
- 2020: Revenue of $162K, expenses of $199K, and assets of $119K (revenue -26.0% year-over-year).
- 2019: Revenue of $219K, expenses of $233K, and assets of $155K (revenue -13.3% year-over-year).
- 2018: Revenue of $253K, expenses of $265K, and assets of $168K (revenue +4.3% year-over-year).
- 2017: Revenue of $242K, expenses of $249K, and assets of $181K (revenue +1.9% year-over-year).
- 2016: Revenue of $238K, expenses of $284K, and assets of $188K (revenue -17.3% year-over-year).
- 2015: Revenue of $288K, expenses of $281K, and assets of $234K (revenue -18.4% year-over-year).
- 2014: Revenue of $352K, expenses of $355K, and assets of $228K (revenue +15.0% year-over-year).
- 2013: Revenue of $306K, expenses of $313K, and assets of $230K (revenue -7.2% year-over-year).
- 2012: Revenue of $330K, expenses of $325K, and assets of $237K (revenue +0.0% year-over-year).
- 2012: Revenue of $330K, expenses of $325K, and assets of $237K (revenue +63.3% year-over-year).
- 2011: Revenue of $202K, expenses of $489K, and assets of $232K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kentucky Seed Improvement Association:
Data Sources and Methodology
This transparency report for Kentucky Seed Improvement Association 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.