Im Your Neighbor Books Welcoming Library

Analysis

Im Your Neighbor Books Welcoming Library is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Im Your Neighbor Books Welcoming Library reported income of $226k and spending of $305k, spending 135% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $228k to $226k (-1.0%), an average of -0.5% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Im Your Neighbor Books Welcoming Library sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 49th percentile within ME. Charities of a similar size with the same main cause include LHS Blue Belle Booster Club ($226k), World Jewish Heritage Fund Inc ($226k) and Parents for the Advancement of Dance Arts ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $83k (27% of expenses). Other salaries and wages came to $100k. At year end it held assets of $187k against liabilities of $15k, net assets of $172k. It reported 5 employees.