Choctaw County Library Inc

Analysis

Choctaw County Library Inc is a registered charity in United States, based in Hugo, OK. It received its IRS tax-exemption ruling in July 1994, 32 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, Choctaw County Library Inc reported income of $70k and spending of $115k, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $41k to $70k (+70%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 231% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Choctaw County Library Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within OK. Charities of a similar size with the same main cause include Adopt-A-School Association ($70k), Friends of Forbes Library Inc ($70k) and Heath Elementary Ptso ($70k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.