Stark County District Library

Analysis

Stark County District Library is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in February 1953, 73 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 December 2022, Stark County District Library reported income of $21.4m and spending of $18.6m, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $16.3m to $21.4m (+31%), an average of +9.5% a year. The sharpest change came in the year to December 2020, when income rose by 62%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stark County District Library sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Nellie Mae Education Foundation Inc ($21.4m), Dohn Community High School ($21.4m) and Illinois State University Foundation ($21.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.7% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $265k (1.4% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $25.4m against liabilities of $0, net assets of $25.4m. It reported 338 employees.