Kentucky Automobile Insurance Plan

Organization Overview

Kentucky Automobile Insurance Plan is located in Louisville, KY. The organization was established in 1952. According to its NTEE Classification (Y01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Automobile Insurance Plan is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2022, Kentucky Automobile Insurance Plan generated $247.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $585.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST HIGH-RISK MOTORISTS IN OBTAINING AUTO INSURANCE AND DISTRIBUTE THE RISK TO KY INSURERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE RESIDUAL MARKET MECHANISMS FOR PERSONAL AND COMMERCIAL VEHICLE COVERAGE IN KENTUCKY.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$238,511
Investment income $7,209
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $247,624

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