Southeastern Libraries Cooperating

Analysis

Southeastern Libraries Cooperating is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in September 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Southeastern Libraries Cooperating reported income of $3.1m and spending of $2.9m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.8m to $3.1m (+11%), an average of +2.2% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southeastern Libraries Cooperating sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include San Antonio Preparatory Inc ($3.1m), Greenville Classical Academy ($3.1m) and David X Marks Foundation University Affairs ($3.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $129k (4.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.3m against liabilities of $789k, net assets of $2.5m. It reported 20 employees.