Allegany County Library
Cumberland, Maryland
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 4 peers in Education with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
12 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $3,123,126↓35% | $2,533,293↑10% | $9,705,219↑4% | — |
| 2022 | $4,796,279↑43% | $2,308,847↑1% | $9,347,063↑33% | — |
| 2021 | $3,351,830↑35% | $2,295,709↓4% | $7,020,495↑22% | — |
| 2020 | $2,492,023↑11% | $2,398,051↑2% | $5,754,193↑6% | — |
| 2019 | $2,253,396 | $2,360,094↑1% | $5,426,650↓1% | — |
| 2018 | $2,254,758↓42% | $2,343,642↑10% | $5,494,405↓7% | — |
| 2017 | $3,871,859↑79% | $2,124,291↓3% | $5,899,110↑51% | — |
| 2016 | $2,160,346 | $2,201,221↓2% | $3,907,473↓1% | — |
| 2015 | $2,149,817↓2% | $2,255,148↓3% | $3,959,283↓2% | — |
| 2014 | $2,203,470↑16% | $2,315,747↑13% | $4,033,458↓2% | — |
| 2013 | $1,899,849 | $2,053,747 | $4,126,101↓3% | — |
| 2012 | $1,904,243 | $2,058,663 | $4,239,895 | — |
Frequently Asked Questions
What does Allegany County Library do?▼
Allegany County Library is a education nonprofit organization based in Maryland. It is classified under NTEE code B71Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Allegany County Library financially healthy?▼
Based on our 9-metric Financial Health Score model, Allegany County Library has a score of 71/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Allegany County Library generate?▼
Allegany County Library reports $2.6M in annual revenue and holds $9.4M in total assets, based on IRS filings.