Selbyville Public Library

Analysis

Selbyville Public Library is a registered charity in United States, based in Selbyville, DE. It received its IRS tax-exemption ruling in March 1988, 38 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, Selbyville Public Library reported income of $1.9m and spending of $966k, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $266k to $1.9m (+613%), an average of +63% a year. The sharpest change came in the year to June 2023, when income rose by 252%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Selbyville Public Library sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within DE. Charities of a similar size with the same main cause include International Missing Persons Foun Dation ($1.9m), Athens-Mcminn Family Young Mens Christian Association ($1.9m) and Positive Action for Christ Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $64k (6.7% of expenses). Other salaries and wages came to $147k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 12 employees.