Simpson Memorial Library

Analysis

Simpson Memorial Library is a registered charity in United States, based in Carmel, ME. It received its IRS tax-exemption ruling in June 2009, 17 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, Simpson Memorial Library reported income of $80k and spending of $37k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $80k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Simpson Memorial Library sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 24th percentile within ME. Charities of a similar size with the same main cause include Institute for Central American Studies ($80k), Discovery Ski Education Foundation ($80k) and Harbor Christian High School ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 43% of the total. At year end it held assets of $313k against liabilities of $0, net assets of $313k.