Seaford District Library

Analysis

Seaford District Library is a registered charity in United States, based in Seaford, DE. It received its IRS tax-exemption ruling in September 1982, 44 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 June 2023, Seaford District Library reported income of $486k and spending of $636k, spending 131% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $444k to $486k (+9.4%), an average of +3.0% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 131% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seaford District Library sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 64th percentile within DE. Charities of a similar size with the same main cause include Continental Societies Inc ($486k), Cox Mill High School Athletic Booster Association ($486k) and Lyme Art Assoc Inc ($486k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 6.4% of the total. Other salaries and wages came to $254k. At year end it held assets of $3.0m against liabilities of $337k, net assets of $2.7m. It reported 15 employees.