Dewitt Public Library

Analysis

Dewitt Public Library is a registered charity in United States, based in Dewitt, AR. It received its IRS tax-exemption ruling in September 1963, 63 years ago. 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, Dewitt Public Library reported income of $220k and spending of $187k, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $173k to $220k (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2023, when income rose by 60%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dewitt Public Library sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within AR. Charities of a similar size with the same main cause include North Boulder Little League ($220k), Choir School of Newport County Inc ($220k) and Friends of the Pikes Peak Library District ($220k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $35k (19% of expenses). Other salaries and wages came to $86k. At year end it held assets of $814k against liabilities of $0, net assets of $814k. It reported 5 employees.