Madawaska Public Library

Analysis

Madawaska Public Library is a registered charity in United States, based in Madawaska, ME. It received its IRS tax-exemption ruling in May 1991, 35 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, Madawaska Public Library reported income of $58k and spending of $60k, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $54k to $58k (+7.4%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income dropped by 28%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madawaska Public Library sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 16th percentile within ME. Charities of a similar size with the same main cause include Mountain Ridge Band Parents Association Inc ($58k), JW Reed Christian Academy Inc ($58k) and Selah Academy ($58k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $21k. At year end it held assets of $567k against liabilities of $0, net assets of $567k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.