Kinderhook Memorial Library

Analysis

Kinderhook Memorial Library is a registered charity in United States, based in Kinderhook, NY. It received its IRS tax-exemption ruling in December 1975, 51 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, Kinderhook Memorial Library reported income of $443k and spending of $508k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $441k to $443k (+0.5%), an average of +0.1% a year. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kinderhook Memorial Library sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Books in Homes USA Inc ($443k), Cana Academy ($443k) and Irish American Endowment for Education Inc ($443k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $66k (13% of expenses). Other salaries and wages came to $152k. At year end it held assets of $2.7m against liabilities of $15k, net assets of $2.7m. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.