Langworthy Public Library

Analysis

Langworthy Public Library is a registered charity in United States, based in Hope Valley, RI. It received its IRS tax-exemption ruling in April 1976, 50 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, Langworthy Public Library reported income of $145k and spending of $144k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $129k to $145k (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Langworthy Public Library sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within RI. Charities of a similar size with the same main cause include Ri Women in the Trades ($145k), Southwest Guilford High School Athl Etic Boosters ($145k) and Branham Sports Boosters ($145k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 0.3% of the total. Other salaries and wages came to $80k. At year end it held assets of $787k against liabilities of $1,723, net assets of $786k.