Vose Library

Analysis

Vose Library is a registered charity in United States, based in Union, ME. It received its IRS tax-exemption ruling in November 1979, 47 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 June 2023, Vose Library reported income of $134k and spending of $89k, leaving 34% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $57k to $134k (+134%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 67%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vose Library sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 38th percentile within ME. Charities of a similar size with the same main cause include Road Runners Club of America ($134k), Midwest Society of Periodontology ($134k) and Francis Howell High School Football Boosters ($134k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $23k (25% of expenses). Other salaries and wages came to $8,002. At year end it held assets of $777k against liabilities of $1,919, net assets of $775k. It reported 3 employees.