Wicomico County Free Library Inc

Analysis

Wicomico County Free Library Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in May 2005, 21 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, Wicomico County Free Library Inc reported income of $3.3m and spending of $3.3m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.2m to $3.3m (+1.5%), an average of +0.5% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wicomico County Free Library Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Thunderbird School of Global Management ($3.3m), Creative Montessori School Inc ($3.3m) and Amskills Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $103k (3.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.9m against liabilities of $159k, net assets of $3.8m. It reported 58 employees.