Smith Library

Analysis

Smith Library is a registered charity in United States, based in Lexington, IL. It received its IRS tax-exemption ruling in September 1987, 39 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Smith Library reported income of $90k and spending of $895, leaving 99% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $90k (+6.5%), an average of +1.6% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Smith Library sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include Association of Notre Dame Clubs Inc ($90k), PTA North Carolina Congress ($90k) and Cleveland Road Runners Club ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $680k against liabilities of $0, net assets of $680k.