Old Charles Town Library Inc

Analysis

Old Charles Town Library Inc is a registered charity in United States, based in Charles Town, WV. It received its IRS tax-exemption ruling in April 1963, 63 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 December 2023, Old Charles Town Library Inc reported income of $637k and spending of $461k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $763k to $637k (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Charles Town Library Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within WV. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($637k), Bethseda Tabernacle of the Christian and Missonary Alliance I ($637k) and Key City Players Inc ($637k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 1.9% of the total. Other salaries and wages came to $247k. At year end it held assets of $11.5m against liabilities of $2,501, net assets of $11.5m. It reported 9 employees.