Lanier Library Assn Inc

Analysis

Lanier Library Assn Inc is a registered charity in United States, based in Tryon, NC. It received its IRS tax-exemption ruling in December 1951, 75 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Lanier Library Assn Inc reported income of $301k and spending of $279k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $301k (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 556%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lanier Library Assn Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Sam Academy ($301k), Opportunity Thrive Inc ($301k) and Carolina Forest All Sports Booster Club Inc ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Other salaries and wages came to $104k. At year end it held assets of $3.8m against liabilities of $14k, net assets of $3.8m. It reported 6 employees.