Delray Beach Public Library Assn Inc

Analysis

Delray Beach Public Library Assn Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in June 1943, 83 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 September 2023, Delray Beach Public Library Assn Inc reported income of $2.6m and spending of $2.7m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.4m to $2.6m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to September 2022, when income rose by 32%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Delray Beach Public Library Assn Inc 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 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include South Valley Academy Inc ($2.6m), Argonauta Educational Programs Inc ($2.6m) and Trustees of the Forbes Library ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $142k (5.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $12.5m against liabilities of $283k, net assets of $12.2m. It reported 24 employees.