Placitas Community Library

Analysis

Placitas Community Library is a registered charity in United States, based in Placitas, NM. It received its IRS tax-exemption ruling in March 2005, 21 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, Placitas Community Library reported income of $153k and spending of $122k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $99k to $153k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Placitas Community Library sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 44th percentile within NM. Charities of a similar size with the same main cause include Refugee Youth Solidarity Through Education ($153k), Jason Kendal Ray Foundation ($153k) and Friends of Buffalo Chesterton Academy Inc ($153k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 21% of the total. Other salaries and wages came to $43k. At year end it held assets of $515k against liabilities of $2,075, net assets of $512k. It reported 2 employees.