Chanute Public Library

Analysis

Chanute Public Library is a registered charity in United States, based in Chanute, KS. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Chanute Public Library reported income of $800k and spending of $521k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $738k to $800k (+8.3%), an average of +2.0% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chanute Public Library sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within KS. Charities of a similar size with the same main cause include Veritas Christian Community School ($800k), Eddie and Alfreda Sinkfield Foundation Inc ($800k) and Everybody Wins D C Inc ($800k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $171k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 12 employees.