Lima Library Association

Analysis

Lima Library Association is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in August 1941, 85 years ago. 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, Lima Library Association reported income of $114k and spending of $182k, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $134k to $114k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2020, when income rose by 107%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lima Library Association sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include Students Empowered to End Dependence S E E D ($114k), The Southeast Texas Area Assembly of Alcoholics Anonymous ($114k) and United States Army Ranger Association Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.4% of the total. At year end it held assets of $5.5m against liabilities of $765k, net assets of $4.7m.