Washington County Free Library

Analysis

Washington County Free Library is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in December 1937, 89 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, Washington County Free Library reported income of $8.4m and spending of $7.7m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $8.6m to $8.4m (-1.9%), an average of -0.6% a year. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washington County Free Library sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Beacon Academy ($8.4m), University of Mississippi Educational Building Corporation ($8.4m) and Southern California Flex Academy ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $364k (4.7% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $18.7m against liabilities of $862k, net assets of $17.8m. It reported 118 employees.