Chase Emerson Memorial Library

Analysis

Chase Emerson Memorial Library is a registered charity in United States, based in Deer Isle, ME. It received its IRS tax-exemption ruling in August 1993, 33 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 December 2023, Chase Emerson Memorial Library reported income of $141k and spending of $76k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $141k (+90%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chase Emerson Memorial Library sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 39th percentile within ME. Charities of a similar size with the same main cause include A Seat at My Sisters Table ($141k), Literacy Volunteers Fox Valley ($141k) and Volunteers of America Inc ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 1.0% of the total. At year end it held assets of $313k against liabilities of $7,461, net assets of $305k.