Johnson City Library Inc

Analysis

Johnson City Library Inc is a registered charity in United States, based in Johnson City, TX. It received its IRS tax-exemption ruling in August 1977, 49 years ago. 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, Johnson City Library Inc reported income of $496k and spending of $289k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $359k to $496k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Johnson City Library Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include CLC Inc ($496k), Big Brothers Big Sisters Northwestern Ohio ($496k) and Boys and Girls Club of Stanton ($496k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $134k (46% of expenses). Other salaries and wages came to $521. At year end it held assets of $2.3m against liabilities of $4,695, net assets of $2.3m. It reported 4 employees.