Friends of Keene Memorial Library

Analysis

Friends of Keene Memorial Library is a registered charity in United States, based in Fremont, NE. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Keene Memorial Library reported income of $596k and spending of $987k, spending 166% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $696k to $596k (-14%), an average of -7.4% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Keene Memorial Library sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within NE. Charities of a similar size with the same main cause include Los Angeles Metropolitan Debate Commission ($596k), Little World Cooperative Nursery School ($596k) and New North Carolina Project ($596k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $206k against liabilities of $0, net assets of $206k.