Education
(B71Z)
IRS Verified
DX Registered
990 on File
PALMYRA PUBLIC LIBRARY
Financial strength (30%)
83/100
Reliability (20%)
55/100
Effectiveness (25%)
97/100
Impact (25%)
No data yet
Register and add impact metrics to be rated above three stars
CharityAI™ Score
Not yet evaluated
Mission Statement
We are committed to providing our community with the opportunity to read, discover, learn, and think by offering a current and growing collection of library materials, programs and services, serving the community with a friendly, knowledgeable and supportive staff, maintaining a pleasant, efficient, and secure location, and maintaining a reliable financial foundation.
Financial Overview — FY 2024
$487K
Total Revenue
$393K
Total Expenses
$2.2M
Net Assets
30
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
82.8%
Fundraising Efficiency
54.1%
Operating Reserve
68.50x
Liability-to-Asset
0.5%
Revenue Diversification
66.6%
Compared with Peers
FY 2024
Compared with 15,968 similar organizations
(United States, Education, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
82.8% | 89.3% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
13.4% | 8.2% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.8% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
54.1% | 2.5% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
68.5 mo | 9.3 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.5% | 0.3% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
66.6% | 89.4% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
3.2% | 8.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
5.7% | 9.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
19.3% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $487K | $393K | $2.2M | 82.8% | 30 |
| 2023 | $472K | $372K | $2.1M | 83.1% | 33 |
| 2022 | $454K | $355K | $1.9M | 83.7% | 32 |
| 2021 | $438K | $316K | N/A | — | 30 |
Donor Reviews
Write a ReviewNo reviews yet
Be the first to share your experience with this organization.