Lillie Russell Memorial Library Lindale

Analysis

Lillie Russell Memorial Library Lindale is a registered charity in United States, based in Lindale, TX. It received its IRS tax-exemption ruling in November 2016, 10 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, Lillie Russell Memorial Library Lindale reported income of $223k and spending of $228k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $179k to $223k (+24%), an average of +5.5% a year. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lillie Russell Memorial Library Lindale sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Guns Garin Memorial Foundation ($223k), Friends of Brevard Lacrosse Inc ($223k) and Parent Booster USA Inc ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 11% of the total. Other salaries and wages came to $93k. At year end it held assets of $419k against liabilities of $4,964, net assets of $414k.

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.