Carnegie City-County Library

Analysis

Carnegie City-County Library is a registered charity in United States, based in Vernon, TX. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Carnegie City-County Library reported income of $239k and spending of $216k, spending 91% of its income. Across the 5 years on record, from September 2020 to September 2024, income grew from $155k to $239k (+54%), an average of +11% a year. The sharpest change came in the year to September 2023, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carnegie City-County Library sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Pyle Child Development Center Inc ($239k), Fourth Ward Christian Development Ministry Inc ($239k) and Winners Travel Foundation Inc ($238k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 80% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $45k (21% of expenses). Other salaries and wages came to $50k. At year end it held assets of $2.4m against liabilities of $2,517, net assets of $2.4m.