Clearwater Memorial Public Library

Analysis

Clearwater Memorial Public Library is a registered charity in United States, based in Orofino, ID. It received its IRS tax-exemption ruling in August 2001, 25 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, Clearwater Memorial Public Library reported income of $278k and spending of $285k, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $301k to $278k (-7.5%), an average of -1.9% a year. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clearwater Memorial Public Library sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within ID. Charities of a similar size with the same main cause include Ventura Montessori School Inc ($278k), Steele Memorial Library Foundationof Chemung County Inc ($278k) and North Kansas City Schools Education Foundation ($278k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $44k (15% of expenses). Other salaries and wages came to $108k. At year end it held assets of $768k against liabilities of $0, net assets of $768k. It reported 7 employees.