Laurel District Library Commission

Analysis

Laurel District Library Commission is a registered charity in United States, based in Laurel, DE. It received its IRS tax-exemption ruling in October 1974, 52 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 2023, Laurel District Library Commission reported income of $643k and spending of $534k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $479k to $643k (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2020, when income rose by 27%. 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, Laurel District Library Commission sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 69th percentile within DE. Charities of a similar size with the same main cause include Cuny School of Law Justice & Auxiliary Services Corporation ($643k), Georgetown After School Plus Inc ($643k) and Urban Word NYC Inc ($642k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $60k (11% of expenses). Other salaries and wages came to $241k. At year end it held assets of $437k against liabilities of $0, net assets of $437k. It reported 17 employees.