Scarborough Public Library

Analysis

Scarborough Public Library is a registered charity in United States, based in Scarborough, ME. It received its IRS tax-exemption ruling in April 1979, 47 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, Scarborough Public Library reported income of $1.5m and spending of $1.5m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.6m to $1.5m (-6.0%), an average of -1.5% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scarborough Public Library sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within ME. Charities of a similar size with the same main cause include Poughkeepsie Day School Inc ($1.5m), Psa Building Company ($1.5m) and American Friends of Yeshivat Lev Hatorah ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $127k (8.7% of expenses). Other salaries and wages came to $728k. At year end it held assets of $2.0m against liabilities of $73k, net assets of $2.0m. It reported 26 employees.