Bullard Community Library Inc

Analysis

Bullard Community Library Inc is a registered charity in United States, based in Bullard, TX. It received its IRS tax-exemption ruling in June 1980, 46 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, Bullard Community Library Inc reported income of $108k and spending of $65k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $52k to $108k (+106%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bullard Community Library Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include El Paso Art Association Inc ($108k), Volunteers of America Inc ($108k) and PTA Texas Congress ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 3.0% of the total. Other salaries and wages came to $25k. At year end it held assets of $882k against liabilities of $0, net assets of $882k. It reported 2 employees.