Rockingham Library Association

Analysis

Rockingham Library Association is a registered charity in United States, based in Harrisonburg, VA. It received its IRS tax-exemption ruling in January 1952, 74 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 2024, Rockingham Library Association reported income of $3.2m and spending of $3.1m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.6m to $3.2m (+20%), 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, Rockingham Library Association sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Slam Academy of Atlanta Inc ($3.2m), Breakthrough Silicon Valley ($3.2m) and Wilkinson Center ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $134k (4.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $9.7m against liabilities of $473k, net assets of $9.3m. It reported 60 employees.