Fort Smith Public Library

Analysis

Fort Smith Public Library is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in May 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 December 2023, Fort Smith Public Library reported income of $14.3m and spending of $4.0m, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $14.3m (+367%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 297%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fort Smith Public Library 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 96th percentile, and in the 96th percentile within AR. Charities of a similar size with the same main cause include Chester Charter Scholars Academy ($14.3m), Escondido Charter High School ($14.3m) and Imagine School at North Port Inc ($14.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 24% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $14.0m against liabilities of $2.2m, net assets of $11.7m. It reported 105 employees.