Rehoboth Beach Public Library

Analysis

Rehoboth Beach Public Library is a registered charity in United States, based in Rehoboth BCH, DE. It received its IRS tax-exemption ruling in June 2016, 10 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 2024, Rehoboth Beach Public Library reported income of $597k and spending of $509k, spending 85% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $391k to $597k (+53%), an average of +8.8% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rehoboth Beach Public Library sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 68th percentile within DE. Charities of a similar size with the same main cause include International Youth Fellowship Educational Foundation ($597k), Whole Child Strategies Inc ($597k) and Covenant Community School Inc ($597k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 3.9% of the total. Other salaries and wages came to $274k. At year end it held assets of $1.3m against liabilities of $8,756, net assets of $1.3m. It reported 12 employees.