El Rito Public Library

Analysis

El Rito Public Library is a registered charity in United States, based in El Rito, NM. It received its IRS tax-exemption ruling in March 2000, 26 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 June 2024, El Rito Public Library reported income of $86k and spending of $109k, spending 127% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $220k to $86k (-61%), an average of -27% a year. The sharpest change came in the year to June 2022, when income dropped by 64%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, El Rito Public Library sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 28th percentile within NM. Charities of a similar size with the same main cause include Cape Coral Mayors Scholarship Fund Inc ($86k), Pecan Grove Elementary PTO ($86k) and Clackamas Bookshelf ($86k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $28k (26% of expenses). Other salaries and wages came to $41k. At year end it held assets of $446k against liabilities of $3,954, net assets of $442k. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.