Blackwater Regional Library

Analysis

Blackwater Regional Library is a registered charity in United States, based in Courtland, VA. It received its IRS tax-exemption ruling in May 2005, 21 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, Blackwater Regional Library reported income of $2.9m and spending of $2.7m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $2.9m (+26%), an average of +5.9% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Blackwater Regional Library sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Midway Foundation Inc ($2.9m), Beacon Inc ($2.9m) and Northern Colorado Academy of Artsand Knowledge ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $75k (2.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.4m against liabilities of $108k, net assets of $3.3m. It reported 79 employees.