Timrod Literary and Library Association

Analysis

Timrod Literary and Library Association is a registered charity in United States, based in Summerville, SC. It received its IRS tax-exemption ruling in February 1950, 76 years ago. 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 April 2024, Timrod Literary and Library Association reported income of $64k and spending of $76k, spending 119% of what it took in. Across the 2 years on record, from April 2023 to April 2024, income grew from $53k to $64k (+20%), an average of +20% a year. The sharpest change came in the year to April 2024, when income rose by 20%. Over the whole period it spent 138% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Timrod Literary and Library Association sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 31st percentile within SC. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($64k), Make Old Things New Inc ($64k) and Bremen Library Association ($64k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 61% of the total. At year end it held assets of $484k against liabilities of $0, net assets of $484k.