Minor Library Fund Under the Will of Katherine B Minor

Analysis

Minor Library Fund Under the Will of Katherine B Minor is a registered charity in United States, based in Honesdale, PA. It received its IRS tax-exemption ruling in February 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Minor Library Fund Under the Will of Katherine B Minor reported income of $50k and spending of $48k, spending 95% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $26k to $50k (+98%), an average of +18% a year. The sharpest change came in the year to May 2023, when income rose by 164%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minor Library Fund Under the Will of Katherine B Minor sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within PA. Charities of a similar size with the same main cause include Pike County Mississippi Scholars Inc ($50k), Queens Foundation for Architecture Inc ($50k) and Madisons Nite in Hand ($50k).

At year end it held assets of $573k against liabilities of $0, net assets of $573k.