Strasburg Community Library Inc

Analysis

Strasburg Community Library Inc is a registered charity in United States, based in Strasburg, VA. It received its IRS tax-exemption ruling in January 1983, 43 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, Strasburg Community Library Inc reported income of $88k and spending of $86k, spending 98% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $61k to $88k (+44%), an average of +44% a year. The sharpest change came in the year to June 2024, when income rose by 44%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Strasburg Community Library Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within VA. Charities of a similar size with the same main cause include Hope Restored Recovery Home Inc ($88k), West Valley Eagles Track Club Incorporated ($88k) and Boosters of Old Town San Diego State Historic Park ($88k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 89% of the total. At year end it held assets of $205k against liabilities of $1,638, net assets of $204k.