Reuben McMillan Free Library Association

Analysis

Reuben McMillan Free Library Association is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in October 1946, 80 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 2023, Reuben McMillan Free Library Association reported income of $23.3m and spending of $20.7m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.5m to $23.3m (+14%), an average of +3.3% a year. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reuben McMillan Free Library Association sits at the 97th 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 98th percentile within OH. Charities of a similar size with the same main cause include Lincoln Charter School Inc ($23.3m), MIT International Inc ($23.3m) and Stillman College ($23.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $392k (1.9% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $95.0m against liabilities of $0, net assets of $95.0m. It reported 228 employees.