Traverse Des Sioux Library System

Analysis

Traverse Des Sioux Library System is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in August 2014, 12 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, Traverse Des Sioux Library System reported income of $2.1m and spending of $1.7m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.1m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Traverse Des Sioux Library System sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Indiana Resource Center for Families with Special Needs Inc ($2.1m), Big Minds Incorporated ($2.1m) and Heritage Heights Academy Building Corporation ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 24% of the total. Other salaries and wages came to $503k. At year end it held assets of $3.3m against liabilities of $823k, net assets of $2.4m. It reported 10 employees.