Richland County Public Library

Analysis

Richland County Public Library is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in January 1982, 44 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, Richland County Public Library reported income of $32.0m and spending of $31.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $34.8m to $32.0m (-8.1%), an average of -2.1% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richland County Public Library sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include The Academy in Manayunk Inc ($32.0m), Hiawatha Academies ($32.0m) and Environmental Charter Schools ($32.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $606k (2.0% of expenses). Other salaries and wages came to $14.8m. At year end it held assets of $25.2m against liabilities of $3.8m, net assets of $21.4m. It reported 242 employees.