New Castle Library Commission

Analysis

New Castle Library Commission is a registered charity in United States, based in HST Newcastle, DE. It received its IRS tax-exemption ruling in April 2006, 20 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, New Castle Library Commission reported income of $616k and spending of $786k, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $832k to $616k (-26%), an average of -7.2% a year. The sharpest change came in the year to June 2023, when income dropped by 31%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Castle Library Commission sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 68th percentile within DE. Charities of a similar size with the same main cause include Washington Montessori Institute Inc ($616k), Wopanaak Language and Cultural Weetyoo Inc ($616k) and Childrens Garden Montessori ($616k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $102k (13% of expenses). Other salaries and wages came to $315k. At year end it held assets of $4.2m against liabilities of $0, net assets of $4.2m. It reported 20 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.