Kellogg Hubbard Library

Analysis

Kellogg Hubbard Library is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in April 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kellogg Hubbard Library reported income of $923k and spending of $1.1m, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $923k (-14%), an average of -4.9% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kellogg Hubbard Library sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 75th percentile within VT. Charities of a similar size with the same main cause include Seafood Industry Research Fund Inc ($923k), Avasant Foundation ($923k) and Library Legacy Foundation of the Toledo-Luce County Public Library ($923k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $134k (12% of expenses). Other salaries and wages came to $425k. At year end it held assets of $7.7m against liabilities of $48k, net assets of $7.7m. It reported 32 employees.