Swaney Memorial Library

Analysis

Swaney Memorial Library is a registered charity in United States, based in New Cumberlnd, WV. It received its IRS tax-exemption ruling in October 2024, 2 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 2024, Swaney Memorial Library reported income of $94k and spending of $84k, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2024, income grew from $69k to $94k (+36%), an average of +11% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Swaney Memorial Library sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within WV. Charities of a similar size with the same main cause include Navy League of the United States National Headquarters ($94k), North American Thermal Analysis Society ($94k) and Athena Akron Inc ($94k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 86% and program service revenue 8.9% of the total. At year end it held assets of $150k against liabilities of $4,195, net assets of $146k.