Public Library Association of Annapolis and a a Co Inc

Analysis

Public Library Association of Annapolis and a a Co Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in February 1938, 88 years ago. 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, Public Library Association of Annapolis and a a Co Inc reported income of $32.9m and spending of $35.0m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.8m to $32.9m (+18%), an average of +4.3% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Public Library Association of Annapolis and a a Co Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Nysarc Inc ($32.9m), Community Health Programs Inc ($33.0m) and Codac Health Recovery and Wellness ($32.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $474k (1.4% of expenses). Other salaries and wages came to $16.4m. At year end it held assets of $35.9m against liabilities of $61.8m, net assets of -$25.9m. It reported 521 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.