Cannon Beach Library

Analysis

Cannon Beach Library is a registered charity in United States, based in Cannon Beach, OR. It received its IRS tax-exemption ruling in February 1979, 47 years ago. 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 April 2024, Cannon Beach Library reported income of $130k and spending of $113k, spending 87% of its income. Across the 3 years on record, from April 2022 to April 2024, income grew from $102k to $130k (+28%), an average of +13% a year. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cannon Beach Library sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within OR. Charities of a similar size with the same main cause include Heritage Museum Association Inc ($130k), Valley Toys and Joys Charitable Foundation ($130k) and Helping Hands ($130k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 62% and program service revenue 18% of the total. Other salaries and wages came to $47k. At year end it held assets of $568k against liabilities of $2,545, net assets of $566k. It reported 1 employees.