Keene Valley Library Association

Analysis

Keene Valley Library Association is a registered charity in United States, based in Keene Valley, NY. It received its IRS tax-exemption ruling in June 1954, 72 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Keene Valley Library Association reported income of $312k and spending of $242k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $302k to $312k (+3.4%), an average of +0.8% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Keene Valley Library Association sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Bless Our Children ($312k), Phi Eta Sigma National Honor Society Inc ($312k) and Montville Township High School Mustangs Athletic Association Inc ($312k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 4.9% of the total. Other salaries and wages came to $107k. At year end it held assets of $3.4m against liabilities of $4,899, net assets of $3.4m. It reported 9 employees.