Lewes Public Library Inc

Analysis

Lewes Public Library Inc is a registered charity in United States, based in Lewes, DE. It received its IRS tax-exemption ruling in February 1994, 32 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, Lewes Public Library Inc reported income of $1.0m and spending of $951k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $944k to $1.0m (+6.1%), an average of +1.5% a year. The sharpest change came in the year to June 2020, when income rose by 65%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lewes Public Library Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within DE. Charities of a similar size with the same main cause include Signature School Foundation Inc ($1.0m), Sentinels of Freedom Scholarshipfoundation ($1.0m) and Mountain East Conference ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $71k (7.5% of expenses). Other salaries and wages came to $368k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 19 employees.