Friends of Kyle Library

Analysis

Friends of Kyle Library is a registered charity in United States, based in Kyle, TX. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Kyle Library reported income of $463k and spending of $389k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $349k to $463k (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Kyle Library sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Pathway to Joy Ministries Inc ($463k), West Side Communtiy Day Care Center Inc of Big Spring Texas ($463k) and Small Champions Inc ($463k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% of the total. Other salaries and wages came to $270k. At year end it held assets of $1.2m against liabilities of $26k, net assets of $1.2m. It reported 21 employees.