Talbot County Free Library Association Incorporated

Analysis

Talbot County Free Library Association Incorporated is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in November 1975, 51 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, Talbot County Free Library Association Incorporated reported income of $2.5m and spending of $2.2m, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.7m to $2.5m (+44%), an average of +7.5% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Talbot County Free Library Association Incorporated sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Lil Inc ($2.5m), St Dominic Savio Academy LLC ($2.5m) and Oasis Therapeutic Life Centers Inc ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $116k (5.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.8m against liabilities of $2.2m, net assets of -$428k. It reported 40 employees.