Killingworth Library Association Inc

Analysis

Killingworth Library Association Inc is a registered charity in United States, based in Killingworth, CT. It received its IRS tax-exemption ruling in January 1970, 56 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 June 2024, Killingworth Library Association Inc reported income of $360k and spending of $345k, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $330k to $360k (+9.2%), an average of +2.2% a year. The sharpest change came in the year to June 2024, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Killingworth Library Association Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CT. Charities of a similar size with the same main cause include Addison Township Public Library ($360k), Agia Sophia Academy ($360k) and Utah Scholarship Foundation ($360k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $177k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 10 employees.