Maine Library Association

Analysis

Maine Library Association is a registered charity in United States, based in Belchertown, MA. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Maine Library Association reported income of $88k and spending of $92k, spending 104% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $58k to $88k (+53%), an average of +53% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maine Library Association sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Minerva Christian School ($88k), Canyon High School Safe Graduation Night Committee ($88k) and Womans Club of Clayton ($88k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 58% of the total. At year end it held assets of $175k against liabilities of $50k, net assets of $126k.