Pope Memorial Library

Analysis

Pope Memorial Library is a registered charity in United States, based in Danville, VT. It received its IRS tax-exemption ruling in June 1963, 63 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pope Memorial Library reported income of $115k and spending of $117k, spending 102% of its income. Across the 4 years on record, from December 2018 to December 2023, income grew from $87k to $115k (+31%), an average of +9.4% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pope Memorial Library sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 31st percentile within VT. Charities of a similar size with the same main cause include Georgetown-Fellowship Volunteer Fire Dept ($115k), North Arlington Board of Fire Officers ($115k) and Community Center Trust Lawrence Lodge 902 O S I a 155 Marston St ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $50k. At year end it held assets of $801k against liabilities of $1,608, net assets of $800k. It reported 7 employees.