Buck Memorial Library

Analysis

Buck Memorial Library is a registered charity in United States, based in Bucksport, ME. It received its IRS tax-exemption ruling in June 1950, 76 years ago. 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 December 2023, Buck Memorial Library reported income of $235k and spending of $210k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $938k to $235k (-75%), an average of -29% a year. The sharpest change came in the year to December 2021, when income rose by 209%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Buck Memorial Library sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 50th percentile within ME. Charities of a similar size with the same main cause include PTA New York Congress ($234k), Philadelphia Area Consortium of Special Collections Libraries Inc ($235k) and Mercer County Senior Citizens Center ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. Other salaries and wages came to $57k. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m. It reported 2 employees.