Adams Public Library

Analysis

Adams Public Library is a registered charity in United States, based in Central Falls, RI. It received its IRS tax-exemption ruling in August 2015, 11 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 June 2023, Adams Public Library reported income of $233k and spending of $254k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $311k to $233k (-25%), an average of -6.9% a year. The sharpest change came in the year to June 2020, when income dropped by 36%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Adams Public Library sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 53rd percentile within RI. Charities of a similar size with the same main cause include Housing Leadership Council of Palm Beach County Inc ($233k), Riverside Mission ($233k) and Labyrinth Home Education Co-Op ($233k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 7.8% of the total. Other salaries and wages came to $121k. At year end it held assets of $1.1m against liabilities of $3,777, net assets of $1.1m. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.