Salmon Library Association

Analysis

Salmon Library Association is a registered charity in United States, based in Salmon, ID. It received its IRS tax-exemption ruling in November 1976, 50 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, Salmon Library Association reported income of $61k and spending of $32k, leaving 47% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income fell from $137k to $61k (-56%), an average of -24% a year. The sharpest change came in the year to September 2022, when income dropped by 38%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salmon Library Association sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 20th percentile within ID. Charities of a similar size with the same main cause include Louisiana Cpas Education Foundation ($61k), Catholic Charities-Fountain View Inc ($61k) and Weston Historical Museum ($61k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 34% and program service revenue 17% of the total. Other salaries and wages came to $3,788. At year end it held assets of $2.7m against liabilities of $2, net assets of $2.7m. It reported 1 employees.