Eastland Centennial Memorial Library of Eastland Texas Inc

Analysis

Eastland Centennial Memorial Library of Eastland Texas Inc is a registered charity in United States, based in Eastland, TX. It received its IRS tax-exemption ruling in June 2007, 19 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 December 2023, Eastland Centennial Memorial Library of Eastland Texas Inc reported income of $152k and spending of $52k, leaving 66% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $152k (+79%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eastland Centennial Memorial Library of Eastland Texas Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include Arlington Boulevard Community Development ($152k), Impact Internships Inc ($152k) and Alabama Grocers Education Foundation ($152k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. At year end it held assets of $162k against liabilities of $1,776, net assets of $160k.