Martindale Community Library

Analysis

Martindale Community Library is a registered charity in United States, based in Martindale, TX. It received its IRS tax-exemption ruling in November 2017, 9 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, Martindale Community Library reported income of $62k and spending of $65k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $96k to $62k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 150% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Martindale Community Library sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include Nagel Middle School PTO Incorporated ($62k), Books for the Barrios Inc ($62k) and Parkrose Educational Foundation ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $373k against liabilities of $2,446, net assets of $370k.