Smyth Public Library Assoc

Analysis

Smyth Public Library Assoc is a registered charity in United States, based in Candia, NH. It received its IRS tax-exemption ruling in August 2001, 25 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 December 2023, Smyth Public Library Assoc reported income of $149k and spending of $192k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $139k to $149k (+7.5%), an average of +1.8% a year. The sharpest change came in the year to December 2022, when income rose by 130%. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Smyth Public Library Assoc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within NH. Charities of a similar size with the same main cause include Association of Army Dentistry ($149k), Riverside School Parent Teacher Organization Inc ($149k) and Green Run Collegiate Academy Foundation ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $79k (41% of expenses). At year end it held assets of $591k against liabilities of $1,550, net assets of $589k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.