JKM Library Trust

Analysis

JKM Library Trust is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, JKM Library Trust reported income of $825k and spending of $841k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $971k to $825k (-15%), an average of -5.3% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, JKM Library Trust sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Miami River Fund Inc ($824k), Gentiva Foundation Inc ($825k) and Hugo Dixon Foundation ($824k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $367k against liabilities of $90k, net assets of $277k.