Cabell County Public Library

Analysis

Cabell County Public Library is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in August 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, Cabell County Public Library reported income of $5.1m and spending of $4.2m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $5.1m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cabell County Public Library sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within WV. Charities of a similar size with the same main cause include Advocates for Innovative Schoolsinc ($5.1m), Bishop Guilfoyle Catholic High School Inc ($5.2m) and University of Wisconsin River Falls Foundation ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $85k (2.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $17.4m against liabilities of $3.8m, net assets of $13.6m. It reported 172 employees.