Kennedy Free Library Association

Analysis

Kennedy Free Library Association is a registered charity in United States, based in Kennedy, NY. It received its IRS tax-exemption ruling in January 2005, 21 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, Kennedy Free Library Association reported income of $60k and spending of $104k, spending 174% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $105k to $60k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kennedy Free Library Association sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Po Hi Steppers Booster Club ($60k), Carrolltown Public Library Inc ($60k) and Barnwell Foundation Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $441k against liabilities of $0, net assets of $441k.