Methodist Home Of Kentucky
EIN: 610458375 · Nicholasville, KY · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $18.0M |
| Total Expenses | $12.5M |
| Net Assets | $24.8M |
Is Methodist Home Of Kentucky Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Methodist Home Of Kentucky
Methodist Home Of Kentucky (EIN: 610458375) is a nonprofit organization based in Nicholasville, KY, classified under NTEE code P20. The organization reported total revenue of $18.0M and total assets of $32.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Methodist Home Of Kentucky's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Methodist Home Of Kentucky is a large nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.7M |
| Total Expenses | $12.5M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $26.9M |
| Total Liabilities | $2.1M |
| Net Assets | $24.8M |
| Operating Margin | 8.8% |
| Debt-to-Asset Ratio | 7.7% |
| Months of Reserves | 25.8 months |
Financial Health Grade: A
In 2023, Methodist Home Of Kentucky reported a surplus of $1.2M with revenue exceeding expenses, holds 25.8 months of operating reserves (strong position), has a debt-to-asset ratio of 7.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Methodist Home Of Kentucky's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.6% | +37.5% | +13.7% |
| 2022 | -10.3% | +18.4% | -5.8% |
| 2021 | +44.6% | +8.8% | +15.1% |
| 2020 | +14.3% | +6.3% | +11.7% |
| 2019 | -1.5% | -1.8% | +3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Methodist Home Of Kentucky 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 Methodist Home Of Kentucky 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 $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.7%.
Frequently Asked Questions about Methodist Home Of Kentucky
Is Methodist Home Of Kentucky a legitimate charity?
Methodist Home Of Kentucky (EIN: 610458375) is a registered tax-exempt nonprofit based in Kentucky. It has 13 years of IRS 990 filings on record. Total revenue: $18.0M. No red flags identified. Financial health grade: A.
How does Methodist Home Of Kentucky spend its money?
Methodist Home Of Kentucky reported $18.0M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Methodist Home Of Kentucky tax-deductible?
Methodist Home Of Kentucky is registered as a tax-exempt nonprofit (EIN: 610458375). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Methodist Home Of Kentucky located?
Methodist Home Of Kentucky is headquartered in Nicholasville, Kentucky and files with the IRS under EIN 610458375. It is classified under NTEE code P20.
How many years of IRS 990 filings does Methodist Home Of Kentucky have?
Methodist Home Of Kentucky 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 $18.0M in total revenue.
Filing History
IRS 990 filing history for Methodist Home Of Kentucky showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Methodist Home Of Kentucky's revenue has grown by 129.6%, moving from $6.0M to $13.7M. Total assets increased by 165% over the same period, from $10.2M to $26.9M. Total functional expenses rose by 106.3%, from $6.1M to $12.5M. In its most recent filing year (2023), Methodist Home Of Kentucky reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $2.1M in liabilities against $26.9M in assets (debt-to-asset ratio: 7.7%), resulting in net assets of $24.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.7M | $12.5M | $26.9M | $2.1M | — | — |
| 2022 | $9.6M | $9.1M | $23.7M | $1.7M | — | View 990 |
| 2021 | $10.7M | $7.7M | $25.1M | $1.6M | — | View 990 |
| 2020 | $7.4M | $7.1M | $21.8M | $2.4M | — | View 990 |
| 2019 | $6.5M | $6.6M | $19.5M | $1.6M | — | View 990 |
| 2018 | $6.6M | $6.8M | $18.8M | $1.8M | — | View 990 |
| 2017 | $12.7M | $6.7M | $20.0M | $2.3M | — | — |
| 2016 | $6.9M | $6.2M | $13.1M | $1.9M | — | View 990 |
| 2015 | $6.5M | $6.4M | $10.7M | $527K | — | View 990 |
| 2014 | $5.5M | $5.8M | $10.8M | $682K | — | View 990 |
| 2013 | $4.4M | $5.7M | $10.5M | $258K | — | View 990 |
| 2012 | $5.6M | $5.8M | $10.6M | $197K | — | View 990 |
| 2011 | $6.0M | $6.1M | $10.2M | $274K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.7M, expenses of $12.5M, and assets of $26.9M (revenue +42.6% year-over-year).
- 2022: Revenue of $9.6M, expenses of $9.1M, and assets of $23.7M (revenue -10.3% year-over-year).
- 2021: Revenue of $10.7M, expenses of $7.7M, and assets of $25.1M (revenue +44.6% year-over-year).
- 2020: Revenue of $7.4M, expenses of $7.1M, and assets of $21.8M (revenue +14.3% year-over-year).
- 2019: Revenue of $6.5M, expenses of $6.6M, and assets of $19.5M (revenue -1.5% year-over-year).
- 2018: Revenue of $6.6M, expenses of $6.8M, and assets of $18.8M (revenue -48.1% year-over-year).
- 2017: Revenue of $12.7M, expenses of $6.7M, and assets of $20.0M (revenue +83.8% year-over-year).
- 2016: Revenue of $6.9M, expenses of $6.2M, and assets of $13.1M (revenue +5.6% year-over-year).
- 2015: Revenue of $6.5M, expenses of $6.4M, and assets of $10.7M (revenue +18.2% year-over-year).
- 2014: Revenue of $5.5M, expenses of $5.8M, and assets of $10.8M (revenue +24.8% year-over-year).
- 2013: Revenue of $4.4M, expenses of $5.7M, and assets of $10.5M (revenue -21.3% year-over-year).
- 2012: Revenue of $5.6M, expenses of $5.8M, and assets of $10.6M (revenue -5.8% year-over-year).
- 2011: Revenue of $6.0M, expenses of $6.1M, and assets of $10.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Methodist Home Of Kentucky:
Data Sources and Methodology
This transparency report for Methodist Home Of Kentucky 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.