Library Club of Menard Inc

Analysis

Library Club of Menard Inc is a registered charity in United States, based in Menard, TX. It received its IRS tax-exemption ruling in September 1980, 46 years ago. 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 2023, Library Club of Menard Inc reported income of $57k and spending of $74k, spending 129% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $85k to $57k (-33%), an average of -9.5% a year. The sharpest change came in the year to September 2020, when income dropped by 31%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Library Club of Menard Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Child Evangelism Fellowship Inc ($57k), Volunteers of America Inc ($57k) and Operation Seas the Day Inc ($57k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 35% and program service revenue 0.5% of the total. Other salaries and wages came to $4,829. At year end it held assets of $853k against liabilities of $396, net assets of $853k. It reported 2 employees.