Monroe County Public Library

Analysis

Monroe County Public Library is a registered charity in United States, based in Monroeville, AL. It received its IRS tax-exemption ruling in May 2018, 8 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 September 2023, Monroe County Public Library reported income of $177k and spending of $175k, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $205k to $177k (-14%), an average of -3.6% a year. The sharpest change came in the year to September 2020, when income dropped by 28%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monroe County Public Library sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within AL. Charities of a similar size with the same main cause include Southeast Education Alliance Foundation Inc ($177k), Jeremie Rising ($177k) and Style Her Empowered Inc ($177k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (23% of expenses). Other salaries and wages came to $27k. At year end it held assets of $856k against liabilities of $2,372, net assets of $853k. It reported 4 employees.