Arrowhead Library System

Analysis

Arrowhead Library System is a registered charity in United States, based in Mountain Iron, MN. It received its IRS tax-exemption ruling in July 1969, 57 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 December 2023, Arrowhead Library System reported income of $3.7m and spending of $3.9m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $3.7m (+10%), an average of +2.5% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arrowhead Library System sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Advance Achiever Academy Inc ($3.7m), Eclc of New Jersey Pride Day Program Inc ($3.7m) and School for Ethics and Global Leadership ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $252k (6.5% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $7.5m against liabilities of $2.1m, net assets of $5.4m. It reported 24 employees.