Delaware City Library Society

Analysis

Delaware City Library Society is a registered charity in United States, based in Delaware City, DE. It received its IRS tax-exemption ruling in September 2002, 24 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, Delaware City Library Society reported income of $287k and spending of $295k, spending 103% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $354k to $287k (-19%), an average of -6.7% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Delaware City Library Society sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 55th percentile within DE. Charities of a similar size with the same main cause include Bluegrass Institute for Public Policy Solutions Inc ($287k), Schallenberger Home and School Association ($287k) and Springdale Athletic Foundation ($287k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $40k (13% of expenses). Other salaries and wages came to $117k. At year end it held assets of $55k against liabilities of $0, net assets of $55k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.