Maclure Library Association Inc

Analysis

Maclure Library Association Inc is a registered charity in United States, based in Pittsford, VT. It received its IRS tax-exemption ruling in July 1952, 74 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 December 2023, Maclure Library Association Inc reported income of $174k and spending of $193k, spending 111% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $251k to $174k (-31%), an average of -7.0% a year. The sharpest change came in the year to December 2019, when income dropped by 47%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maclure Library Association Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 42nd percentile within VT. Charities of a similar size with the same main cause include A Peace of My Mind Inc ($174k), Independent Living of Willowood Inc ($174k) and Set Free Womens Refuge ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.2% of the total. Other salaries and wages came to $111k. At year end it held assets of $656k against liabilities of $15k, net assets of $641k. It reported 8 employees.