Tenney Memorial Library Inc

Analysis

Tenney Memorial Library Inc is a registered charity in United States, based in Newbury, VT. It received its IRS tax-exemption ruling in May 2012, 14 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 December 2023, Tenney Memorial Library Inc reported income of $58k and spending of $49k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $74k to $58k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tenney Memorial Library Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 14th percentile within VT. Charities of a similar size with the same main cause include Ste Genevieve School District R-2 Foundation ($58k), Lookup Incubator Inc ($58k) and Government Finance Officers Association of Missouri ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. Other salaries and wages came to $25k. At year end it held assets of $539k against liabilities of $579, net assets of $539k. It reported 2 employees.