Fairfield Bay Library Inc

Analysis

Fairfield Bay Library Inc is a registered charity in United States, based in Fairfield Bay, AR. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fairfield Bay Library Inc reported income of $107k and spending of $100k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $107k (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fairfield Bay Library Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within AR. Charities of a similar size with the same main cause include National Academy of Video Game Trade Reviewers Corp ($107k), Musack Inc ($107k) and The Lodo District Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $36k (36% of expenses). At year end it held assets of $796k against liabilities of $969, net assets of $795k. It reported 1 employees.