North Carolina Library Assn

Analysis

North Carolina Library Assn is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in January 1950, 76 years ago. 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, North Carolina Library Assn reported income of $161k and spending of $168k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $296k to $161k (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 216%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Library Assn sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Beloit Historical Society ($161k), Brennen Elementary School Parent-Teacher Organization PTO ($161k) and Natrona County Public Library Foundation ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 94% of the total. At year end it held assets of $550k against liabilities of $0, net assets of $550k.