Danville Library Inc

Analysis

Danville Library Inc is a registered charity in United States, based in Danville, KY. It received its IRS tax-exemption ruling in July 1959, 67 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 June 2023, Danville Library Inc reported income of $2.0m and spending of $2.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.0m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2023, when income rose by 60%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Danville Library Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within KY. Charities of a similar size with the same main cause include Cumorah Academy ($2.0m), The Lewis Chatman Academy ($2.0m) and United Faith Christian Academy ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 85% of the total. Other salaries and wages came to $971k. At year end it held assets of $6.7m against liabilities of $0, net assets of $6.7m. It reported 46 employees.