Auburn Public Library

Analysis

Auburn Public Library is a registered charity in United States, based in Auburn, ME. It received its IRS tax-exemption ruling in October 1992, 34 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 June 2023, Auburn Public Library reported income of $1.6m and spending of $1.4m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.6m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Auburn Public Library sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within ME. Charities of a similar size with the same main cause include Tep Charter School Assistance Inc ($1.6m), Operation Blankets of Love ($1.6m) and Organ Donation and Transplantation Alliance ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $78k (5.5% of expenses). Other salaries and wages came to $607k. At year end it held assets of $6.0m against liabilities of $174k, net assets of $5.8m. It reported 19 employees.