Carnegie Library of Ballinger

Analysis

Carnegie Library of Ballinger is a registered charity in United States, based in Ballinger, TX. It received its IRS tax-exemption ruling in May 1975, 51 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, Carnegie Library of Ballinger reported income of $65k and spending of $86k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $106k to $65k (-39%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carnegie Library of Ballinger sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Iglesia Resurreccion de Cristo ($65k), Community Housing of Pinellas County Inc ($65k) and Music Club of Baton Rouge Louisiana ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 16% of the total. Other salaries and wages came to $33k. At year end it held assets of $878k against liabilities of $1,336, net assets of $877k. It reported 4 employees.