The Library at Cedar Creek Lake

Analysis

The Library at Cedar Creek Lake is a registered charity in United States, based in Kemp, TX. It received its IRS tax-exemption ruling in May 1997, 29 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 August 2023, The Library at Cedar Creek Lake reported income of $139k and spending of $186k, spending 134% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $144k to $139k (-3.8%), an average of -1.0% a year. The sharpest change came in the year to August 2020, when income rose by 52%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Library at Cedar Creek Lake sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Croton Harmon Booster Club ($139k), White Plains Library Foundation Inc ($139k) and Families Managing Media Inc ($139k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 93% and program service revenue 6.5% of the total. Other salaries and wages came to $104k. It paid $9,670 in professional fundraising fees. At year end it held assets of $416k against liabilities of $2,763, net assets of $414k. It reported 3 employees.