Kentucky Library Association

Analysis

Kentucky Library Association is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in June 1967, 59 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, Kentucky Library Association reported income of $214k and spending of $231k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $298k to $214k (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kentucky Library Association sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within KY. Charities of a similar size with the same main cause include Sweeny I S D Foundation ($214k), Christian Education League Inc ($214k) and Cal Hacks Foundation ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 81% of the total. At year end it held assets of $394k against liabilities of $576, net assets of $393k.