Kurt Vonnegut Memorial Library Inc

Analysis

Kurt Vonnegut Memorial Library Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Kurt Vonnegut Memorial Library Inc reported income of $1.3m and spending of $1.2m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.3m (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2021, when income rose by 154%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kurt Vonnegut Memorial Library Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include Holocaust Museum & Education Center of SWFL ($1.3m), Lansing Symphony Association Inc ($1.3m) and Black Hills Playhouse Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $126k (10% of expenses). Other salaries and wages came to $301k. It paid $7,365 in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $115k, net assets of $2.0m. It reported 16 employees.