Kaltreider-Benfer Library

Analysis

Kaltreider-Benfer Library is a registered charity in United States, based in Red Lion, PA. It received its IRS tax-exemption ruling in March 1968, 58 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, Kaltreider-Benfer Library reported income of $2.7m and spending of $356k, leaving 87% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $270k to $2.7m (+883%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 692%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kaltreider-Benfer Library sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Malulani Hale ($2.7m), Northeast Transportation Connections ($2.7m) and The Griffin Foundation Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $75k (21% of expenses). Other salaries and wages came to $96k. At year end it held assets of $4.8m against liabilities of $5,905, net assets of $4.8m. It reported 9 employees.