Bay City Library Association

Analysis

Bay City Library Association is a registered charity in United States, based in Bay City, TX. It received its IRS tax-exemption ruling in December 1972, 54 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, Bay City Library Association reported income of $72k and spending of $53k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $103k to $72k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bay City Library Association sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include PTA Delaware Congress ($72k), Association of Alumni of the Judge Advocate Generals School U S Army ($72k) and Springhill Memorial Hospital Auxiliary Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $376k against liabilities of $0, net assets of $376k.