Comfort Public Library Inc

Analysis

Comfort Public Library Inc is a registered charity in United States, based in Comfort, TX. It received its IRS tax-exemption ruling in June 2018, 8 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, Comfort Public Library Inc reported income of $323k and spending of $264k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $251k to $323k (+28%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Comfort Public Library Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include 101 Inc ($323k), Lawrence County 4-H Clubs and Fair Association Incorporated ($323k) and Professional Athletic Trainers Society Foundation Inc ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $48k (18% of expenses). Other salaries and wages came to $79k. At year end it held assets of $2.1m against liabilities of $1,135, net assets of $2.1m. It reported 4 employees.