Tyson Library Assoc

Analysis

Tyson Library Assoc is a registered charity in United States, based in Versailles, IN. It received its IRS tax-exemption ruling in April 1938, 88 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 August 2023, Tyson Library Assoc reported income of $276k and spending of $311k, spending 113% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $263k to $276k (+4.9%), an average of +1.2% a year. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tyson Library Assoc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IN. Charities of a similar size with the same main cause include Crescent Montessori School Inc ($276k), The Somerville Foundation Inc ($276k) and Menorah Foundation Inc ($276k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $51k (16% of expenses). Other salaries and wages came to $90k. At year end it held assets of $678k against liabilities of $6,080, net assets of $672k. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.