Phillips Public Library

Analysis

Phillips Public Library is a registered charity in United States, based in Phillips, ME. It received its IRS tax-exemption ruling in April 2022, 4 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 December 2023, Phillips Public Library reported income of $60k and spending of $74k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $60k (+1.4%), an average of +1.4% a year. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phillips Public Library sits at the 26th percentile: it is larger than about 26% 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 Memon Organization of California ($60k), Deming Conference Organization Inc ($60k) and Wisconsin Center for Performance Excellence Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $355k against liabilities of $0, net assets of $355k.