The Akademi has one of the best libraries in Kerala. It is an approved doctoral research centre for the universities in Kerala. The Akademi also holds periodic book festivals to encourage reading among the masses. The Akademi has a picture gallery of writers of yester years. The Akademi regularly publishes three journals Sahithyalokam, Sahithya Chakravalam and Malayalam Literary Survey (in English). The Akademi awards the illustrious Ezhuthachan Puraskaram which is named after the father of Malayalam literature Thunchaththu Ezhuthachan yearly to prominent literary figures.
Now Kerala Sahithya Academy have an online library at http://www.keralasahityaakademi.org/online_library/