Charlotte Hobbs Memorial Library

Analysis

Charlotte Hobbs Memorial Library is a registered charity in United States, based in Lovell, ME. It received its IRS tax-exemption ruling in October 2025. 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 2020, Charlotte Hobbs Memorial Library reported income of $172k and spending of $129k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income grew from $165k to $172k (+4.1%), an average of +4.1% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charlotte Hobbs Memorial Library sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 43rd percentile within ME. Charities of a similar size with the same main cause include Christian Campus Fellowship ($172k), Baja Educational Initiative ($172k) and Communities in Schools of Rome-Floyd County Inc ($172k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 79% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $15k (12% of expenses). Other salaries and wages came to $36k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 8 employees.