McArthur Library Association

Analysis

McArthur Library Association is a registered charity in United States, based in Biddeford, ME. It received its IRS tax-exemption ruling in September 1942, 84 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 June 2024, McArthur Library Association reported income of $2.2m and spending of $1.7m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $2.2m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2023, when income rose by 288%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McArthur Library Association sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within ME. Charities of a similar size with the same main cause include Magic Garden Inc ($2.2m), Academy Charter School Inc ($2.2m) and Mountain Vista Booster Club ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 0.6% of the total. Other salaries and wages came to $814k. At year end it held assets of $7.1m against liabilities of $0, net assets of $7.1m. It reported 29 employees.