Lake Memorial Library Fund

Analysis

Lake Memorial Library Fund is a registered charity in United States, based in Ridgeland, MS. It received its IRS tax-exemption ruling in June 1950, 76 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lake Memorial Library Fund reported income of $87k and spending of $71k, spending 82% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $89k to $87k (-2.6%), an average of -0.5% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Memorial Library Fund sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within MS. Charities of a similar size with the same main cause include Hurley Nursery School ($87k), National Coalition of 100 Black Women-Sacramento Chapter ($87k) and Consortium of Louisiana Immersion Schools ($87k).

Compensation of current officers, directors and key employees was $18k (26% of expenses). At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.