Cross Mills Public Library

Analysis

Cross Mills Public Library is a registered charity in United States, based in Charlestown, RI. It received its IRS tax-exemption ruling in August 1982, 44 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, Cross Mills Public Library reported income of $439k and spending of $446k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $361k to $439k (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2023, when income rose by 33%. 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, Cross Mills Public Library sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within RI. Charities of a similar size with the same main cause include Marshall County LLN Inc ($439k), Natural Womanhood ($439k) and Azalea City Montessori Cooperative ($439k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $77k (17% of expenses). Other salaries and wages came to $179k. At year end it held assets of $602k against liabilities of $2,135, net assets of $600k. It reported 13 employees.