Martinsburg Public Library Comm a Corp Created by Ord of Council

Analysis

Martinsburg Public Library Comm a Corp Created by Ord of Council is a registered charity in United States, based in Martinsburg, WV. It received its IRS tax-exemption ruling in May 2009, 17 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, Martinsburg Public Library Comm a Corp Created by Ord of Council reported income of $2.4m and spending of $1.9m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.4m (+8.4%), an average of +2.0% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Martinsburg Public Library Comm a Corp Created by Ord of Council sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WV. Charities of a similar size with the same main cause include Association for Biblical Higher Education ($2.4m), Fulton Education Foundation Inc ($2.4m) and California Eastern Star Foundation ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $138k (7.3% of expenses). At year end it held assets of $7.5m against liabilities of $1.4m, net assets of $6.1m. It reported 50 employees.