Medina Community Library

Analysis

Medina Community Library is a registered charity in United States, based in Medina, TX. It received its IRS tax-exemption ruling in October 2000, 26 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, Medina Community Library reported income of $199k and spending of $305k, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $234k to $199k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2020, when income rose by 119%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Medina Community Library 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 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Union Preschool Incorportated ($199k), Agape Edcuational Center Inc ($199k) and MRB Foundation Inc ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $47k (15% of expenses). Other salaries and wages came to $27k. At year end it held assets of $3.9m against liabilities of $0, net assets of $3.9m. It reported 5 employees.

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.