North Canton Library Association

Analysis

North Canton Library Association is a registered charity in United States, based in Brooklyn, OH. It received its IRS tax-exemption ruling in March 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North Canton Library Association reported income of $123k and spending of $426k, spending 346% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $472k to $123k (-74%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 77%. Over the whole period it spent 125% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Canton Library Association sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within OH. Charities of a similar size with the same main cause include Friends of Aiglon College Inc ($123k), Sister Cities of Vandalia Inc ($123k) and Asian American Job Training Center ($123k).

Compensation of current officers, directors and key employees was $35k (8.2% of expenses). At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.