Dorchester County Public Library

Analysis

Dorchester County Public Library is a registered charity in United States, based in Cambridge, MD. It received its IRS tax-exemption ruling in February 1922, 104 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, Dorchester County Public Library reported income of $1.2m and spending of $1.9m, spending 166% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.2m (+9.4%), an average of +3.1% a year. Over the whole period it spent 127% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dorchester County Public Library sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Summit Christian Academy ($1.2m), Independant School Data Exchange Inc ($1.2m) and Stonewall Head Start Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $82k (4.2% of expenses). Other salaries and wages came to $508k. At year end it held assets of $1.7m against liabilities of $1.5m, net assets of $223k. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.