Bandera Public Library Corporation

Analysis

Bandera Public Library Corporation is a registered charity in United States, based in Bandera, TX. It received its IRS tax-exemption ruling in August 2002, 24 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 September 2023, Bandera Public Library Corporation reported income of $243k and spending of $243k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $259k to $243k (-6.2%), an average of -1.6% a year. The sharpest change came in the year to September 2021, when income rose by 108%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bandera Public Library Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Willow Glen Middle and High School Foundation ($243k), Florida Educational Risk Management Association Inc ($243k) and Raymond Library Co ($243k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $40k (16% of expenses). Other salaries and wages came to $63k. At year end it held assets of $1.9m against liabilities of $2,335, net assets of $1.9m. It reported 8 employees.