Mason County Library Board

Analysis

Mason County Library Board is a registered charity in United States, based in Pt Pleasant, WV. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Mason County Library Board reported income of $449k and spending of $368k, spending 82% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $249k to $449k (+80%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mason County Library Board sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within WV. Charities of a similar size with the same main cause include Triangle Rowing Club ($448k), Wausau-Central Wisconsin Sports Authority Inc ($449k) and Wilmington Soccer Academy ($448k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $37k (10% of expenses). Other salaries and wages came to $111k. At year end it held assets of $622k against liabilities of $40k, net assets of $582k.