Galion Public Library Association

Analysis

Galion Public Library Association is a registered charity in United States, based in Galion, OH. It received its IRS tax-exemption ruling in September 1997, 29 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, Galion Public Library Association reported income of $924k and spending of $667k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $798k to $924k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Galion Public Library Association sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Cathedral Montessori School ($924k), Nebraska City Public Schools Foundation Inc ($924k) and Center for Powerful Public Schools ($924k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $102k (15% of expenses). Other salaries and wages came to $226k. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m. It reported 18 employees.