Rhome Community Library

Analysis

Rhome Community Library is a registered charity in United States, based in Rhome, TX. It received its IRS tax-exemption ruling in December 2013, 13 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 September 2023, Rhome Community Library reported income of $191k and spending of $158k, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $54k to $191k (+257%), an average of +38% a year. The sharpest change came in the year to September 2023, when income rose by 308%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rhome Community Library sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Band & Orchestra Boosters Assn of the Sycamore Comm School District ($191k), Barat Education Foundation ($191k) and Haddonfield School District Scholarship and Education Fund Inc ($191k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Other salaries and wages came to $26k. At year end it held assets of $457k against liabilities of $56k, net assets of $401k. It reported 1 employees.