Danville Library Assn

Analysis

Danville Library Assn is a registered charity in United States, based in Danville, IA. It received its IRS tax-exemption ruling in February 1984, 42 years ago. 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, Danville Library Assn reported income of $128k and spending of $30k, leaving 77% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $128k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Danville Library Assn sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within IA. Charities of a similar size with the same main cause include Cooke County Fair Association Inc ($128k), Laurel Athletic Recreation Association ($128k) and American Society of Civil Engineers ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $807k against liabilities of $388k, net assets of $419k.