Kemmerer Library Harding Township Inc

Analysis

Kemmerer Library Harding Township Inc is a registered charity in United States, based in New Vernon, NJ. It received its IRS tax-exemption ruling in March 1991, 35 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, Kemmerer Library Harding Township Inc reported income of $998k and spending of $536k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $467k to $998k (+114%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 176%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kemmerer Library Harding Township Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include West Liberty Community School District Foundation ($997k), Fond du Lac Christian School Inc ($998k) and Woodland Park Christian Learning Center Inc ($997k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $85k (16% of expenses). Other salaries and wages came to $62k. At year end it held assets of $5.7m against liabilities of $25k, net assets of $5.7m. It reported 7 employees.