CSCharityScored
60

Southeast Kentucky Economic Development Corporation Inc

Community Development · Somerset, Kentucky

2292 S Highway 27 Ste 340, Somerset, KY 42501-2905

EIN: 611097619· Founded: Sep 1986· 40 years active· Filing Year: 2024

Annual Revenue

$2.6M

Total Expenses

$2.2M

Total Assets

$30.3M

Program Spending

49%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

Not reported

All officers, directors, and key employees combined

Other Salaries & Wages

$809K

Total Payroll

$809K

36% of total expenses

Where the Money Goes

49%
Programs: 49%
Payroll: 36%
Other overhead: 51%
Program Revenue$1.1M (43%)
Total Expenses$2.2M (88%)
Payroll$809K (36%)
Overhead (non-program)51%

Trust Score Breakdown

Program Spending Ratio

49% of expenses go to programs

40%

Revenue & Stability

$2.6M annual revenue

15%

Executive Compensation

Not reported

20%

Filing Recency

Most recent filing: 2024

15%

Asset Strength

$30.3M in assets

10%

Data from IRS Form 990 filing (2024). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.