National First Ladies Library

Analysis

National First Ladies Library is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in January 1998, 28 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 September 2023, National First Ladies Library reported income of $607k and spending of $508k, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $512k to $607k (+19%), an average of +4.4% a year. The sharpest change came in the year to September 2023, when income rose by 39%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National First Ladies Library sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Acton Academy Albuquerque ($607k), Santa Cruz Childrens Foundation ($607k) and Wayland Creative Preschool Inc ($607k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $77k (15% of expenses). Other salaries and wages came to $134k. At year end it held assets of $3.2m against liabilities of $57k, net assets of $3.1m. It reported 4 employees.