Wisconsin Library Services

Analysis

Wisconsin Library Services is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in October 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wisconsin Library Services reported income of $11.1m and spending of $11.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.1m to $11.1m (+10%), an average of +2.5% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wisconsin Library Services sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Community Services for the Aging Inc ($11.1m), Solomon Schechter Day School of Nassau County ($11.1m) and Evangelical Retirement Homes Inc ($11.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $162k (1.4% of expenses). Other salaries and wages came to $941k. At year end it held assets of $3.3m against liabilities of $1.1m, net assets of $2.3m.