Brownwood Community Library Association

Analysis

Brownwood Community Library Association is a registered charity in United States, based in Brownwood, TX. It received its IRS tax-exemption ruling in May 1961, 65 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 September 2023, Brownwood Community Library Association reported income of $382k and spending of $296k, leaving 22% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $346k to $382k (+10%), an average of +2.5% a year. The sharpest change came in the year to September 2022, when income rose by 21%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brownwood Community Library Association sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Batahola Friends of ($382k), Altadena Nursery School Inc ($382k) and Stuttgart Memorial Hospital Foundation ($382k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $163k. At year end it held assets of $577k against liabilities of $608, net assets of $576k. It reported 9 employees.