Southeast Library System

Analysis

Southeast Library System is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in November 1977, 49 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 2024, Southeast Library System reported income of $187k and spending of $185k, spending 99% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $180k to $187k (+4.2%), an average of +4.2% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southeast Library System sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NE. Charities of a similar size with the same main cause include Old Saybrook Fire Company No 1 Inc ($187k), Western Hills Humane Society ($187k) and Rotary International District 5450 Inc ($187k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. At year end it held assets of $183k against liabilities of $6,187, net assets of $177k.