Kentucky Society For Technology Ineducation
Kentucky Society For Technology Ineducation shows strong revenue growth and no reported officer compensation.
EIN: 208996564 · Waco, KY · NTEE: U03 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $773K |
| Total Expenses | $601K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $700,000. |
| Net Assets | $691K |
| Transparency Score | 92/100 |
Is Kentucky Society For Technology Ineducation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kentucky Society For Technology Ineducation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kentucky Society For Technology Ineducation
Kentucky Society For Technology Ineducation (EIN: 208996564) is a nonprofit organization based in Waco, KY, classified under NTEE code U03. The organization reported total revenue of $773K and total assets of $629K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kentucky Society For Technology Ineducation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kentucky Society For Technology Ineducation is a small nonprofit that has been operating for 14 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $721K |
| Total Expenses | $601K |
| Surplus / Deficit | +$120K |
| Total Assets | $673K |
| Net Assets | $691K |
| Operating Margin | 16.6% |
| Months of Reserves | 13.4 months |
Financial Health Grade: A
In 2023, Kentucky Society For Technology Ineducation reported a surplus of $120K with revenue exceeding expenses, holds 13.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Kentucky Society For Technology Ineducation's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.3% | +18.7% | +20.8% |
| 2022 | +303.3% | +144.5% | -2.4% |
| 2021 | -73.1% | -40.9% | -12.5% |
| 2020 | -8.0% | -15.1% | +16.8% |
| 2019 | +1.8% | -2.0% | +44.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Society For Technology Ineducation with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Kentucky Society For Technology Ineducation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $120K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size with recent revenues exceeding $700,000.
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 Society For Technology Ineducation's IRS 990 filings:
- Unusual reporting of negative liabilities in recent years (e.g., $-17,876 in 202306)
- Lack of detailed breakdown for program, administrative, and fundraising expenses in provided data, making precise efficiency calculations difficult.
Strengths
The following positive indicators were identified for Kentucky Society For Technology Ineducation:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in leadership costs.
- Strong revenue growth, particularly from $125,670 in 202106 to $721,221 in 202306.
- Positive net assets and generally low liabilities, demonstrating financial stability.
- Consistent filing of IRS Form 990s over 13 periods, indicating good transparency and compliance.
- Revenue consistently exceeding expenses in most recent periods, leading to healthy surpluses.
Frequently Asked Questions about Kentucky Society For Technology Ineducation
Is Kentucky Society For Technology Ineducation a legitimate charity?
Kentucky Society For Technology Ineducation (EIN: 208996564) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $773K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Kentucky Society For Technology Ineducation spend its money?
Kentucky Society For Technology Ineducation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kentucky Society For Technology Ineducation tax-deductible?
Kentucky Society For Technology Ineducation is registered as a tax-exempt nonprofit (EIN: 208996564). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kentucky Society For Technology Ineducation CEO make?
Kentucky Society For Technology Ineducation's highest-compensated officer earns $700,000. annually. The organization reported $773K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kentucky Society For Technology Ineducation's spending goes to programs?
Kentucky Society For Technology Ineducation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kentucky Society For Technology Ineducation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Kentucky Society For Technology Ineducation is above average for NTEE category U03 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kentucky Society For Technology Ineducation located?
Kentucky Society For Technology Ineducation is headquartered in Waco, Kentucky and files with the IRS under EIN 208996564. It is classified under NTEE code U03.
How many years of IRS 990 filings does Kentucky Society For Technology Ineducation have?
Kentucky Society For Technology Ineducation has 13 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 $773K in total revenue.
How does the organization manage to operate without officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that leadership roles may be entirely volunteer-based or compensated through other means not categorized as officer compensation on the 990, which is highly efficient for program delivery.
What caused the significant revenue increase from $125,670 in 202106 to $721,221 in 202306?
The data indicates a substantial surge in revenue over a two-year period, suggesting successful fundraising initiatives, increased grant funding, or expanded program activities that warrant further investigation into the specific drivers of this growth.
Are the negative liabilities reported in 202306 and 202206 accurate, and what do they represent?
Negative liabilities (e.g., $-17,876 in 202306) are unusual and typically indicate an error in reporting or a specific accounting treatment where the organization is owed money that offsets its liabilities. This warrants clarification from the organization.
Filing History
IRS 990 filing history for Kentucky Society For Technology Ineducation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kentucky Society For Technology Ineducation's revenue has grown by 127.8%, moving from $317K to $721K. Total assets increased by 380.5% over the same period, from $140K to $673K. Total functional expenses rose by 105.7%, from $292K to $601K. In its most recent filing year (2023), Kentucky Society For Technology Ineducation reported a surplus of $120K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $721K | $601K | $673K | $-17,876 | — | View 990 |
| 2022 | $507K | $506K | $557K | $-13,773 | — | View 990 |
| 2021 | $126K | $207K | $571K | $28 | — | View 990 |
| 2020 | $468K | $351K | $652K | $53K | — | View 990 |
| 2019 | $508K | $413K | $558K | $76K | — | View 990 |
| 2018 | $499K | $421K | $387K | $686 | — | View 990 |
| 2017 | $390K | $293K | $310K | $2K | — | View 990 |
| 2016 | $405K | $408K | $425K | $119K | — | View 990 |
| 2015 | $402K | $501K | $395K | $85K | — | View 990 |
| 2014 | $478K | $361K | $410K | $1K | — | View 990 |
| 2013 | $409K | $311K | $297K | $4K | — | View 990 |
| 2012 | $333K | $268K | $185K | $0 | — | View 990 |
| 2011 | $317K | $292K | $140K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $721K, expenses of $601K, and assets of $673K (revenue +42.3% year-over-year).
- 2022: Revenue of $507K, expenses of $506K, and assets of $557K (revenue +303.3% year-over-year).
- 2021: Revenue of $126K, expenses of $207K, and assets of $571K (revenue -73.1% year-over-year).
- 2020: Revenue of $468K, expenses of $351K, and assets of $652K (revenue -8.0% year-over-year).
- 2019: Revenue of $508K, expenses of $413K, and assets of $558K (revenue +1.8% year-over-year).
- 2018: Revenue of $499K, expenses of $421K, and assets of $387K (revenue +28.1% year-over-year).
- 2017: Revenue of $390K, expenses of $293K, and assets of $310K (revenue -3.6% year-over-year).
- 2016: Revenue of $405K, expenses of $408K, and assets of $425K (revenue +0.7% year-over-year).
- 2015: Revenue of $402K, expenses of $501K, and assets of $395K (revenue -15.9% year-over-year).
- 2014: Revenue of $478K, expenses of $361K, and assets of $410K (revenue +16.9% year-over-year).
- 2013: Revenue of $409K, expenses of $311K, and assets of $297K (revenue +22.9% year-over-year).
- 2012: Revenue of $333K, expenses of $268K, and assets of $185K (revenue +5.0% year-over-year).
- 2011: Revenue of $317K, expenses of $292K, and assets of $140K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kentucky Society For Technology Ineducation:
Data Sources and Methodology
This transparency report for Kentucky Society For Technology Ineducation 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.