Southern Maryland Regional Library Association Inc

Analysis

Southern Maryland Regional Library Association Inc is a registered charity in United States, based in Charlott Hall, MD. It received its IRS tax-exemption ruling in December 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, Southern Maryland Regional Library Association Inc reported income of $3.8m and spending of $3.4m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.3m to $3.8m (+15%), an average of +4.7% 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, Southern Maryland Regional Library Association Inc 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 Cornerstone Preparatory Academy ($3.8m), Michigan State Education Network ($3.8m) and Hope Academy Northwest Campus ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $135k (3.9% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $5.0m against liabilities of $1.3m, net assets of $3.7m. It reported 19 employees.