Chief Officers of State Library Agencies Inc

Analysis

Chief Officers of State Library Agencies Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in May 1994, 32 years ago. 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, Chief Officers of State Library Agencies Inc reported income of $779k and spending of $697k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $524k to $779k (+49%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chief Officers of State Library Agencies Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within KY. Charities of a similar size with the same main cause include Highland Facilities Development Corporation ($779k), Rotary Club of San Jose Foundation Inc ($779k) and Oaklawn Foundation for Mental Health Inc ($779k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 26% of the total. At year end it held assets of $1.1m against liabilities of $212k, net assets of $928k.