The Friends of the Kinnelon Public Library

Analysis

The Friends of the Kinnelon Public Library is a registered charity in United States, based in Kinnelon, NJ. It received its IRS tax-exemption ruling in April 1981, 45 years ago. 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, The Friends of the Kinnelon Public Library reported income of $86k and spending of $49k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $86k (+10%), an average of +10% a year. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Friends of the Kinnelon Public Library sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 40th percentile within NJ. Charities of a similar size with the same main cause include Fort Mill High School Athletic Booster Club ($86k), Ioof Farmersville Cemetery Association ($86k) and The League of Women Voters of North Carolina Inc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $212k against liabilities of $0, net assets of $212k.