Spaulding Memorial Library

Analysis

Spaulding Memorial Library is a registered charity in United States, based in East Sebago, ME. It received its IRS tax-exemption ruling in April 1938, 88 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 June 2024, Spaulding Memorial Library reported income of $81k and spending of $66k, spending 81% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $69k to $81k (+17%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 17%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spaulding Memorial Library sits at the 31st percentile: it is larger than about 31% 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 Canandaigua Kiwanis Foundation Inc ($81k), Pop Warner Little Scholars Inc ($81k) and Masonic Service Bureau of Rochester N Y Inc ($81k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 54% of the total. At year end it held assets of $341k against liabilities of $602, net assets of $340k.