Laurel District Library Comm Ua

Analysis

Laurel District Library Comm Ua is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in October 1963, 63 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Laurel District Library Comm Ua reported income of $108k and spending of $151k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $192k to $108k (-44%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 1063%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laurel District Library Comm Ua sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 34th percentile within DE. Charities of a similar size with the same main cause include North Gwinnett Schools Education Foundation ($108k), Rockbridge Regional Library Foundation ($108k) and Raising Hands Tutoring ($108k).

Compensation of current officers, directors and key employees was $36k (24% of expenses). At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.