Elyria Public Library

Analysis

Elyria Public Library is a registered charity in United States, based in Elyria, OH. It received its IRS tax-exemption ruling in June 1965, 61 years ago. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Elyria Public Library reported income of $6.8m and spending of $5.2m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $6.8m (+12%), an average of +2.8% a year. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elyria Public Library sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Pine Castle Inc ($6.8m), United Cerebral Palsy of Huntsville and Tennessee Valley Inc ($6.8m) and Texas Trees Foundation ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $240k (4.6% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $14.6m against liabilities of $14.3m, net assets of $316k. It reported 78 employees.