The Talbot County Free Library Foundation Inc

Analysis

The Talbot County Free Library Foundation Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Talbot County Free Library Foundation Inc reported income of $178k and spending of $83k, leaving 53% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $27k to $178k (+555%), an average of +46% a year. The sharpest change came in the year to June 2024, when income rose by 138%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Talbot County Free Library Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include Dufur School District Scholarship Fund ($178k), Platte Valley Literacy Association ($178k) and Society for Color and Appearance in Dentistry ($178k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 0.0% of the total. At year end it held assets of $3.2m against liabilities of $197k, net assets of $3.0m.