Belle Center Free Public Library

Analysis

Belle Center Free Public Library is a registered charity in United States, based in Belle Center, OH. It received its IRS tax-exemption ruling in August 1946, 80 years ago. 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, Belle Center Free Public Library reported income of $128k and spending of $106k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $128k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Belle Center Free Public Library sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within OH. Charities of a similar size with the same main cause include Oklahoma Elks Major Project Inc ($128k), Daughters of Esther Fellowship International Ministries Inc ($128k) and Woodlanders Are Volunteers for Education ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $27k (25% of expenses). Other salaries and wages came to $18k. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m. It reported 5 employees.