Rosenberg Library Association

Analysis

Rosenberg Library Association is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in February 1941, 85 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 September 2023, Rosenberg Library Association reported income of $5.7m and spending of $5.8m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.8m to $5.7m (+18%), an average of +4.1% a year. The sharpest change came in the year to September 2021, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rosenberg Library Association sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Jefferson Academy ($5.7m), Quality Team Corporation ($5.7m) and Wharton Graduate Association Twga Inc ($5.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $41.5m against liabilities of $541k, net assets of $41.0m. It reported 53 employees.