The Save the Old School Committee for a Library Community Center

Analysis

The Save the Old School Committee for a Library Community Center is a registered charity in United States, based in Biscoe, NC. It received its IRS tax-exemption ruling in August 1989, 37 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 December 2023, The Save the Old School Committee for a Library Community Center reported income of $82k and spending of $128k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $44k to $82k (+89%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 175% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Save the Old School Committee for a Library Community Center sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within NC. Charities of a similar size with the same main cause include Little League Baseball Inc ($82k), Deer Park Housing Ltd ($82k) and James River Aquatic Club ($82k).

At year end it held assets of $840k against liabilities of $0, net assets of $840k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.