Kentucky Sheep And Goat Development Office
EIN: 261471091 · Frankfort, KY · NTEE: K26
| Metric | Value |
|---|---|
| Total Revenue | $177K |
| Total Expenses | $118K |
| Net Assets | $245K |
Is Kentucky Sheep And Goat Development Office Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kentucky Sheep And Goat Development Office
Kentucky Sheep And Goat Development Office (EIN: 261471091) is a nonprofit organization based in Frankfort, KY, classified under NTEE code K26. The organization reported total revenue of $177K and total assets of $267K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kentucky Sheep And Goat Development Office's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kentucky Sheep And Goat Development Office is a small nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $143K |
| Total Expenses | $118K |
| Surplus / Deficit | +$25K |
| Total Assets | $245K |
| Net Assets | $245K |
| Operating Margin | 17.7% |
| Months of Reserves | 25.0 months |
Financial Health Grade: A
In 2023, Kentucky Sheep And Goat Development Office reported a surplus of $25K with revenue exceeding expenses, holds 25.0 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Kentucky Sheep And Goat Development Office's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.9% | -27.7% | +11.5% |
| 2022 | +31.9% | +31.6% | -6.6% |
| 2021 | -53.9% | +26.2% | -12.2% |
| 2020 | +68.8% | -34.2% | +115.9% |
| 2019 | -5.7% | -6.4% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kentucky Sheep And Goat Development Office 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 Sheep And Goat Development Office 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 surplus of $25K, with revenue exceeding expenses.
Frequently Asked Questions about Kentucky Sheep And Goat Development Office
Is Kentucky Sheep And Goat Development Office a legitimate charity?
Kentucky Sheep And Goat Development Office (EIN: 261471091) is a registered tax-exempt nonprofit based in Kentucky. It has 12 years of IRS 990 filings on record. Total revenue: $177K. No red flags identified. Financial health grade: A.
How does Kentucky Sheep And Goat Development Office spend its money?
Kentucky Sheep And Goat Development Office reported $177K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Kentucky Sheep And Goat Development Office tax-deductible?
Kentucky Sheep And Goat Development Office is registered as a tax-exempt nonprofit (EIN: 261471091). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kentucky Sheep And Goat Development Office located?
Kentucky Sheep And Goat Development Office is headquartered in Frankfort, Kentucky and files with the IRS under EIN 261471091. It is classified under NTEE code K26.
How many years of IRS 990 filings does Kentucky Sheep And Goat Development Office have?
Kentucky Sheep And Goat Development Office 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 $177K in total revenue.
Filing History
IRS 990 filing history for Kentucky Sheep And Goat Development Office showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Kentucky Sheep And Goat Development Office's revenue has grown by 7.5%, moving from $133K to $143K. Total assets increased by 202.4% over the same period, from $81K to $245K. Total functional expenses fell by 5.2%, from $124K to $118K. In its most recent filing year (2023), Kentucky Sheep And Goat Development Office reported a surplus of $25K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $143K | $118K | $245K | $0 | — | — |
| 2022 | $147K | $163K | $220K | $0 | — | — |
| 2021 | $111K | $124K | $235K | $0 | — | View 990 |
| 2020 | $242K | $98K | $268K | $0 | — | — |
| 2019 | $143K | $149K | $124K | $0 | — | View 990 |
| 2018 | $152K | $159K | $130K | $0 | — | View 990 |
| 2017 | $197K | $153K | $136K | $0 | — | View 990 |
| 2016 | $171K | $175K | $92K | $0 | — | View 990 |
| 2015 | $169K | $159K | $96K | $0 | — | View 990 |
| 2014 | $162K | $150K | $87K | $0 | — | View 990 |
| 2013 | $144K | $150K | $75K | $0 | — | View 990 |
| 2012 | $133K | $124K | $81K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $143K, expenses of $118K, and assets of $245K (revenue -2.9% year-over-year).
- 2022: Revenue of $147K, expenses of $163K, and assets of $220K (revenue +31.9% year-over-year).
- 2021: Revenue of $111K, expenses of $124K, and assets of $235K (revenue -53.9% year-over-year).
- 2020: Revenue of $242K, expenses of $98K, and assets of $268K (revenue +68.8% year-over-year).
- 2019: Revenue of $143K, expenses of $149K, and assets of $124K (revenue -5.7% year-over-year).
- 2018: Revenue of $152K, expenses of $159K, and assets of $130K (revenue -23.0% year-over-year).
- 2017: Revenue of $197K, expenses of $153K, and assets of $136K (revenue +15.0% year-over-year).
- 2016: Revenue of $171K, expenses of $175K, and assets of $92K (revenue +1.6% year-over-year).
- 2015: Revenue of $169K, expenses of $159K, and assets of $96K (revenue +3.9% year-over-year).
- 2014: Revenue of $162K, expenses of $150K, and assets of $87K (revenue +12.8% year-over-year).
- 2013: Revenue of $144K, expenses of $150K, and assets of $75K (revenue +8.4% year-over-year).
- 2012: Revenue of $133K, expenses of $124K, and assets of $81K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kentucky Sheep And Goat Development Office:
Data Sources and Methodology
This transparency report for Kentucky Sheep And Goat Development Office 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.