Simpson County Library District

Analysis

Simpson County Library District is a registered charity in United States, based in Franklin, KY. It received its IRS tax-exemption ruling in November 1947, 79 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 2024, Simpson County Library District reported income of $1.4m and spending of $1.1m, leaving 22% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $1.4m (+18%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 38%. 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, Simpson County Library District sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within KY. Charities of a similar size with the same main cause include Awakening Seed Inc ($1.4m), Unite Here Chicago Hospitality Apprenticeship Fund ($1.4m) and Foundation for Educational and Developmental Opportunity Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 0.8% of the total. Other salaries and wages came to $293k. At year end it held assets of $8.6m against liabilities of $5.5m, net assets of $3.1m. It reported 14 employees.