Pinellas Public Library Cooperative Inc

Analysis

Pinellas Public Library Cooperative Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Pinellas Public Library Cooperative Inc reported income of $8.3m and spending of $8.2m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.9m to $8.3m (+20%), an average of +4.6% a year. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pinellas Public Library Cooperative Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Employment Development Services Inc ($8.3m), Park Center ($8.3m) and Rochesterworks Inc ($8.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $120k (1.5% of expenses). Other salaries and wages came to $426k. At year end it held assets of $3.4m against liabilities of $151k, net assets of $3.3m. It reported 11 employees.