Queen Annes County Free Library

Analysis

Queen Annes County Free Library is a registered charity in United States, based in Centreville, MD. It received its IRS tax-exemption ruling in November 1952, 74 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Queen Annes County Free Library reported income of $3.6m and spending of $3.3m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.5m to $3.6m (+41%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Queen Annes County Free Library sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Hope Toledo Services ($3.6m), Stepstone Academy ($3.6m) and River Academy a Non Profit Corporation ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $116k (3.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.6m against liabilities of $914k, net assets of $2.6m. It reported 48 employees.