Alexander Memorial Library Lasalle County

Analysis

Alexander Memorial Library Lasalle County is a registered charity in United States, based in Cotulla, TX. It received its IRS tax-exemption ruling in September 1974, 52 years ago. 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, Alexander Memorial Library Lasalle County reported income of $212k and spending of $134k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $238k to $212k (-11%), an average of -11% a year. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alexander Memorial Library Lasalle County sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Goodwill Volunteer Fire Company Number 1 ($212k), PTA South Carolina Congress ($212k) and Rabun County Family Connections Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $67k (50% of expenses). At year end it held assets of $527k against liabilities of $0, net assets of $527k.