Northwestern Regional Library

Analysis

Northwestern Regional Library is a registered charity in United States, based in Elkin, NC. It received its IRS tax-exemption ruling in August 1985, 41 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, Northwestern Regional Library reported income of $3.4m and spending of $2.9m, spending 84% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.7m to $3.4m (+26%), an average of +8.1% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northwestern Regional Library sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Spring Valley School Foundation ($3.4m), Faith Academy of Marble Falls ($3.4m) and Ielts Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $70k (2.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.4m against liabilities of $1.2m, net assets of $2.3m. It reported 76 employees.