Kilgore Memorial Library Foundation Inc

Analysis

Kilgore Memorial Library Foundation Inc is a registered charity in United States, based in York, NE. It received its IRS tax-exemption ruling in April 1993, 33 years ago. 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 October 2023, Kilgore Memorial Library Foundation Inc reported income of $74k and spending of $23k, leaving 69% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $25k to $74k (+192%), an average of +31% a year. The sharpest change came in the year to October 2021, when income rose by 175%. Over the whole period it spent 34% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kilgore Memorial Library Foundation Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within NE. Charities of a similar size with the same main cause include Wise County Council on Alcohol & Drug Abuse ($74k), Menlo School and Menlo College ($74k) and Junior Auxiliary of Columbia ($74k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.