Mark Skinner Library

Analysis

Mark Skinner Library is a registered charity in United States, based in Manchestr Ctr, VT. It received its IRS tax-exemption ruling in June 1943, 83 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 July 2023, Mark Skinner Library reported income of $967k and spending of $1.1m, spending 115% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income grew from $760k to $967k (+27%), an average of +8.4% a year. The sharpest change came in the year to July 2021, when income rose by 35%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mark Skinner Library sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within VT. Charities of a similar size with the same main cause include Reading Connections Inc ($967k), Alaska Dance Theatre Inc ($967k) and Butler County Community Resource Council ($967k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 76% and program service revenue 3.4% of the total. Other salaries and wages came to $518k. At year end it held assets of $9.6m against liabilities of $41k, net assets of $9.5m. It reported 21 employees.