Naples Public Library

Analysis

Naples Public Library is a registered charity in United States, based in Naples, ME. It received its IRS tax-exemption ruling in May 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 2024, Naples Public Library reported income of $262k and spending of $193k, leaving 26% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $160k to $262k (+63%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 51%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Naples Public Library sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 53rd percentile within ME. Charities of a similar size with the same main cause include Northstar Classical School Inc ($262k), Horizon University Inc ($262k) and Winners Circle XR Academy Inc ($262k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 40% and program service revenue 2.0% of the total. Other salaries and wages came to $104k. At year end it held assets of $2.5m against liabilities of $1,358, net assets of $2.5m. It reported 4 employees.