Charity Search / THE CENTER FOR KENTUCKY RURAL ECONOMIC DEVELOPMENT INC
Community Improvement (S30) 990 on File

THE CENTER FOR KENTUCKY RURAL ECONOMIC DEVELOPMENT INC

EIN: 61-1291304 · SOMERSET, KY 42501-2905 · United States · FY 2025 Data
3 out of 5 59 / 100 Based on 2+ years of filings
Financial strength (30%) 90/100
Reliability (20%) 55/100
Effectiveness (25%) 85/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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Financial Overview — FY 2025
$9.9M
Total Revenue
$10.6M
Total Expenses
$49.9M
Net Assets
42
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 76.9%
Fundraising Efficiency N/A
Operating Reserve 56.77x
Liability-to-Asset 18.0%
Revenue Diversification 71.4%
Compared with Peers
FY 2025
Compared with 112 similar organizations (United States, Community Improvement, $10M–$100M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
76.9% 91.1%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
23.1% 8.0%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
56.8 mo 6.3 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
18.0% 32.6%
P10P90
Above median
Revenue concentration
Share of revenue from the largest source · lower is better
71.4% 92.9%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
5.2% 5.3%
P10P90
Expense growth
Year over year expense growth
16.0% 4.9%
P10P90
Surplus margin
Surplus as a share of revenue
-6.7% 1.6%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $9.9M $10.6M $49.9M 76.9% 42
2024 $9.4M $9.1M $50.6M 74.4% 48
2023 $8.3M $9.0M $50.3M 78.4% 40
2022 $7.7M $6.9M $51.0M 75.8% 33
2021 $10.7M $6.2M N/A 41
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Organization Details
EIN
61-1291304
State
KY
City
SOMERSET
ZIP
42501-2905
Classification
S30
Category
Community Improvement
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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