Amigos Library Services

Analysis

Amigos Library Services is a registered charity in United States, based in Addison, TX. It received its IRS tax-exemption ruling in February 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Amigos Library Services reported income of $13.0m and spending of $12.6m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $14.7m to $13.0m (-12%), an average of -2.4% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Amigos Library Services sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Lead Charter Schools ($13.0m), Stockton Collegiate International Schools ($13.0m) and Faith Christian Academy ($13.0m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $570k (4.5% of expenses). Other salaries and wages came to $939k. At year end it held assets of $18.7m against liabilities of $7.0m, net assets of $11.8m. It reported 23 employees.