Rice Public Library

Analysis

Rice Public Library is a registered charity in United States, based in Kittery, ME. It received its IRS tax-exemption ruling in March 1949, 77 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, Rice Public Library reported income of $61k and spending of $10k, leaving 84% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $50k to $61k (+24%), an average of +5.4% a year. The sharpest change came in the year to June 2021, when income rose by 817%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rice Public Library sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 17th percentile within ME. Charities of a similar size with the same main cause include Parent Booster USA Inc ($61k), Mr Big Live Fish Scholarship Inc ($62k) and PTA Florida Congress ($61k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% of the total. At year end it held assets of $319k against liabilities of $0, net assets of $319k.