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Kentucky · Nonprofit

LOUISVILLE ASSOCIATION FOR COMMUNIT

LOUISVILLE ASSOCIATION FOR COMMUNIT (Kentucky) receives grants from 16 organizations whose IRS filings report $1,347,845 to it, the largest being JAMES GRAHAM BROWN FOUNDATION INC ($500,000). 3 of them have funded it in more than one year.

Revenue FY2024
$9k
Funders on record
16
Grants received
$1.3M
Net assets
$0
3/16 repeat fundersgrants exceed reported revenue in one year
01What it does

What Louisville Association for Communit does

Mission

The Louisville Association for Community economics (lace) is a non-profit developer committed to fostering an ecosystem of cooperative social enterprises built on racial and economic equity.

As stated on its FY2024 Form 990.

Programs

On its FY2024 return the organization reported starting a significant new program.

Nutrition and food programming through the predevelopment work of opening a community owned grocery store. Small business co-op accelerator and incubator.

Its own explanation, from Schedule O of that return (Part III, line 2).

  1. Grants to organizations to provide assistance with mission support.

    $3,200 spentof which $3,200 as grants
    0% of program spending
  2. Grants to organizations to provide assistance with mission support.

    $3,200 spentof which $3,200 as grants
    0% of program spending
  3. Donation of land to develop for economic use in community aligned with the organization mission.

    $1,001,805 spentof which $1,001,805 as grants
    78% of program spending
  4. Nutrition and food programming through the predevelopment work of opening a community owned grocery store. Small business co-op accelerator and incubator.

    $282,000 spentof which $8,886 as grants
    22% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,290,205.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended.

100 = 20202020 Revenue 100 ($104k) Expenses 100 ($37k) Net assets 100 ($88k)2021 Revenue 846 ($879k) Expenses 799 ($294k) Net assets 796 ($699k)2022 Revenue 1124 ($1.2M) Expenses 1023 ($377k) Net assets 1698 ($1.5M)2023 Revenue 198 ($206k) Expenses 1163 ($428k) Net assets 1460 ($1.3M)2024 Revenue 9 ($9k) Expenses 3505 ($1.3M) Net assets 0 ($0)
20202021202220232024
Revenue (9)Expenses (3505)Net assets (0)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $1.4M to $0 (−100%).

$88k
$699k
$1.5M
$1.4M
$0
20202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 0% · 2022 9%. Grants only. Government contracts and fees sit inside program revenue.

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 5 reported years ran a deficit.

$67k
’20
$585k
’21
$792k
’22
−$222k
’23
−$1.3M
’24
9.2
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

2021202220232024
Listed5855
Joined·+5+0+0
No longer listed·230
03Who funds it

Who funds it, year by year

2019 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $3k → $60k.

6 of 16 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 18% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of LOUISVILLE ASSOCIATION FOR COMMUNIT’s funders (the co-funder graph). Top 15 of 16 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

LOUISVILLE ASSOCIATION FOR COMMUNIT leans on a few funders — its largest provides 37% of grant income and the top three 71%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

37%
largest funder
71%
top three
~5
effective funders

Largest funder’s share by year: 2019 100% · 2020 100% · 2021 51% · 2022 55% · 2023 91% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

9% of LOUISVILLE ASSOCIATION FOR COMMUNIT's funders are still giving 2 years after their first grant; 19% give in more than one year at all.

first grant+1y+2y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

89% of LOUISVILLE ASSOCIATION FOR COMMUNIT's grant income comes from Kentucky funders.

NY
OH
PA
NJ
KY
NC

In-state vs out-of-state, by year

’19
’20
’21
’22
’23
Kentucky out of state home

Funder states come from each funder’s own filing. $244k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Organizations like LOUISVILLE ASSOCIATION FOR COMMUNIT

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Kentucky

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

100% of spending goes to programs.

Program 100%Management 0%Fundraising 0%

Governance

4
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention–Board reviewed the 990–Audited financials

Public support

99%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

KY

Screen this organization

A dated, signed PDF of the compliance screen for LOUISVILLE ASSOCIATION FOR COMMUNIT: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds LOUISVILLE ASSOCIATION FOR COMMUNIT?
LOUISVILLE ASSOCIATION FOR COMMUNIT (Kentucky) receives grants from 16 organizations whose IRS filings report $1,347,845 to it, the largest being JAMES GRAHAM BROWN FOUNDATION INC ($500,000). 3 of them have funded it in more than one year.
How many funders does LOUISVILLE ASSOCIATION FOR COMMUNIT have?
IRS filings report 16 organizations giving $1,347,845 in grants to LOUISVILLE ASSOCIATION FOR COMMUNIT, 3 of which have funded it in more than one year.
Who is the largest funder of LOUISVILLE ASSOCIATION FOR COMMUNIT?
JAMES GRAHAM BROWN FOUNDATION INC is the largest funder on record, with $500,000 in grants. The full list of funders is on this page.
How can an organization like LOUISVILLE ASSOCIATION FOR COMMUNIT find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Kentucky. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 16 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing