Morristown Centennial Library Association

Analysis

Morristown Centennial Library Association is a registered charity in United States, based in Morrisville, VT. It received its IRS tax-exemption ruling in January 1976, 50 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 2023, Morristown Centennial Library Association reported income of $307k and spending of $334k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $376k to $307k (-18%), an average of -5.0% a year. The sharpest change came in the year to June 2021, when income rose by 117%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morristown Centennial Library Association sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 55th percentile within VT. Charities of a similar size with the same main cause include Hudson River Park Mothers Group Org ($307k), Burlingame Library Foundation ($307k) and Haigazian University Support Fund Inc ($307k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 1.6% of the total. Other salaries and wages came to $204k. At year end it held assets of $1.6m against liabilities of $9,480, net assets of $1.5m. It reported 7 employees.