Eastport Public Library Association

Analysis

Eastport Public Library Association is a registered charity in United States, based in Eastport, ME. It received its IRS tax-exemption ruling in June 1998, 28 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 January 2024, Eastport Public Library Association reported income of $323k and spending of $132k, leaving 59% of income unspent that year. Across the 5 years on record, from January 2020 to January 2024, income grew from $241k to $323k (+34%), an average of +7.6% a year. The sharpest change came in the year to January 2022, when income rose by 272%. Over the whole period it spent 29% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eastport Public Library Association sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 58th percentile within ME. Charities of a similar size with the same main cause include University of Medical Sciences Arizona ($322k), Missouri Association of Treatment Court Professionals ($323k) and Project Second Chance ($322k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 81% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $36k (28% of expenses). Other salaries and wages came to $27k. At year end it held assets of $2.8m against liabilities of $500, net assets of $2.8m. It reported 5 employees.