Gulf Beaches Public Library Inc

Analysis

Gulf Beaches Public Library Inc is a registered charity in United States, based in Madeira Beach, FL. It received its IRS tax-exemption ruling in December 1971, 55 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, Gulf Beaches Public Library Inc reported income of $530k and spending of $533k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $561k to $530k (-5.5%), an average of -1.4% a year. The sharpest change came in the year to September 2020, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gulf Beaches Public Library Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Morris Brandon Elementary Schoolfoundation Inc ($530k), Powhatan Education Foundation ($530k) and Hand and Dove Legacy Foundation ($530k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 0.1% of the total. Other salaries and wages came to $253k. At year end it held assets of $1.1m against liabilities of $11k, net assets of $1.1m. It reported 14 employees.