Question: How Do Public Libraries Make Money?

Most libraries work on annual budgets based mainly on city or county allocations, or property tax allocations.

Myth: The federal government funds U.S.

public libraries.

Reality: Actually, the vast majority of library budgets come from local sources—state and federal dollars usually make up the smallest portion.

What do public libraries offer?

Libraries are community hubs. In addition to connecting people to information, libraries connect people to people. They are safe havens for kids when school is not in session, offering after school homework help, games and book clubs. Public libraries also help communities cope with the unexpected.

Are public libraries non profit?

Are Public Libraries Considered Nonprofit Organizations? In general, public libraries do not receive 501(c)(3) exemption status from the IRS; however, tax officials recognize them as a governmental unit under the 501(c)(3) Internal Revenue Code which allows exemption from federal taxes.

Are all libraries free?

Libraries are free only in the sense that it costs nothing to borrow a book. If you want to believe that library books are free, you have to play by the rules. Libraries are, of course, funded by taxpayers with supplements from other sources. Librarians must be paid for their work.

How do libraries get their books?

Libraries offer authors two things. They can buy their books, which nets the author some royalties. They can also offer exposure, allowing the author to gain a new audience who might buy their books the next time rather than just borrowing them. For libraries to survive, authors must keep creating books.