Milford District Free Public Library Commission

Analysis

Milford District Free Public Library Commission is a registered charity in United States, based in Milford, DE. It received its IRS tax-exemption ruling in September 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Milford District Free Public Library Commission reported income of $1.1m and spending of $1.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $674k to $1.1m (+63%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Milford District Free Public Library Commission sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within DE. Charities of a similar size with the same main cause include Hanna Fenichel Nursery School ($1.1m), Nest Nursery School Inc ($1.1m) and Cologne Academy Building Company ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $58k (5.6% of expenses). Other salaries and wages came to $403k. At year end it held assets of $4.4m against liabilities of $0, net assets of $4.4m. It reported 22 employees.