Georgetown Public Library

Analysis

Georgetown Public Library is a registered charity in United States, based in Georgetown, DE. It received its IRS tax-exemption ruling in December 1981, 45 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, Georgetown Public Library reported income of $513k and spending of $457k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $307k to $513k (+67%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Georgetown Public Library sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 66th percentile within DE. Charities of a similar size with the same main cause include Dakota Junior Golf Association Inc ($513k), National Church Residences Shelby County Housing Inc ($513k) and Nest Foundation ($513k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $60k (13% of expenses). At year end it held assets of $429k against liabilities of $0, net assets of $429k. It reported 14 employees.