Smyth County Public Library

Analysis

Smyth County Public Library is a registered charity in United States, based in Marion, VA. It received its IRS tax-exemption ruling in November 1990, 36 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, Smyth County Public Library reported income of $1.1m and spending of $1.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $918k to $1.1m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2022, when income rose by 18%. 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, Smyth County Public Library sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Friends of the Queens University of Belfast Inc ($1.1m), All Bout Children Preschool Inc ($1.1m) and Caltech Y ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.8% of the total. Other salaries and wages came to $528k. At year end it held assets of $591k against liabilities of $373k, net assets of $218k. It reported 23 employees.