Abilene Library Consortium

Analysis

Abilene Library Consortium is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in August 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Abilene Library Consortium reported income of $388k and spending of $492k, spending 127% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income grew from $351k to $388k (+10%), an average of +2.0% a year. The sharpest change came in the year to May 2020, when income rose by 43%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abilene Library Consortium 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 71st percentile within TX. Charities of a similar size with the same main cause include Kadima ($388k), Mendelssohn Choir of Pittsburgh ($388k) and National Assessment Center Assoc ($388k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $103k (21% of expenses). Other salaries and wages came to $121k. At year end it held assets of $649k against liabilities of $14k, net assets of $635k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.