Northwest Georgia Regional Library

Analysis

Northwest Georgia Regional Library is a registered charity in United States, based in Dalton, GA. It received its IRS tax-exemption ruling in August 1963, 63 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Northwest Georgia Regional Library reported income of $2.4m and spending of $2.1m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.2m to $2.4m (-26%), an average of -7.1% a year. The sharpest change came in the year to June 2021, when income dropped by 19%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northwest Georgia Regional Library sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include Society for Public Health Education Inc ($2.4m), Wytheville Community College Educational Foundation Inc ($2.4m) and Kilgore College Foundation Kilgore Texas ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $104k (4.9% of expenses). Other salaries and wages came to $841k. At year end it held assets of $1.7m against liabilities of $120k, net assets of $1.6m. It reported 36 employees.