Millville Public Library

Analysis

Millville Public Library is a registered charity in United States, based in Millville, NJ. It received its IRS tax-exemption ruling in April 1964, 62 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 2021, Millville Public Library reported income of $2.0m and spending of $882k, leaving 56% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $1.0m to $2.0m (+100%), an average of +41% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Millville Public Library sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include North Valley Academy Inc ($2.0m), Coral Park Community Outreach Inc ($2.0m) and Riverside School Inc ($2.0m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 93% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $66k (7.5% of expenses). Other salaries and wages came to $325k. At year end it held assets of $4.6m against liabilities of $55k, net assets of $4.6m. It reported 25 employees.