Nicholas P Sims Library and Lyceum

Analysis

Nicholas P Sims Library and Lyceum is a registered charity in United States, based in Waxahachie, TX. It received its IRS tax-exemption ruling in February 1965, 61 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 September 2023, Nicholas P Sims Library and Lyceum reported income of $1.3m and spending of $1.3m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.9m to $1.3m (-32%), an average of -9.2% a year. The sharpest change came in the year to September 2021, when income dropped by 31%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nicholas P Sims Library and Lyceum sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Lebanon Valley Exposition Corp ($1.3m), National Church Residences of ($1.3m) and Camp Fire ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 2.2% of the total. Other salaries and wages came to $661k. At year end it held assets of $5.8m against liabilities of $0, net assets of $5.8m. It reported 18 employees.