Schoolcraft Community Library Inc

Analysis

Schoolcraft Community Library Inc is a registered charity in United States, based in Schoolcraft, MI. It received its IRS tax-exemption ruling in October 1990, 36 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 February 2023, Schoolcraft Community Library Inc reported income of $194k and spending of $211k, spending 109% of what it took in. Across the 4 years on record, from February 2020 to February 2023, income fell from $205k to $194k (-5.3%), an average of -1.8% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Schoolcraft Community Library Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include The Afghan Academy Inc ($194k), Friends of the Waltham Family School Inc ($194k) and Love We Dont See ($194k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $46k (22% of expenses). Other salaries and wages came to $86k. At year end it held assets of $299k against liabilities of $3,576, net assets of $296k. It reported 6 employees.