North Kingstown Free Library Corp

Analysis

North Kingstown Free Library Corp is a registered charity in United States, based in N Kingstown, RI. It received its IRS tax-exemption ruling in September 1994, 32 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 December 2023, North Kingstown Free Library Corp reported income of $117k and spending of $55k, leaving 53% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $31k to $117k (+274%), an average of +55% a year. The sharpest change came in the year to December 2021, when income rose by 996%. Over the whole period it spent 24% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Kingstown Free Library Corp sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 36th percentile within RI. Charities of a similar size with the same main cause include Kawaihae Canoe Club ($117k), Somerville Home & School Association a NJ Non-Profit ($117k) and Diamond Creek Elementary Parent-Teacher Club ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.