Library Square School Association

Analysis

Library Square School Association is a registered charity in United States, based in Kenosha, WI. It received its IRS tax-exemption ruling in November 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Library Square School Association reported income of $625k and spending of $640k, spending 102% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $519k to $625k (+20%), an average of +4.7% a year. The sharpest change came in the year to February 2022, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Library Square School Association sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within WI. Charities of a similar size with the same main cause include Monsignor Alexis Jarka Hall Housing Development Fund Company Inc ($625k), Blaine County Charitable Fund Inc ($625k) and 4 Access Partners ($625k).

On its Form 990 for the period ending February 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $92k (14% of expenses). Other salaries and wages came to $383k. At year end it held assets of $233k against liabilities of $4,910, net assets of $228k. It reported 25 employees.