Jones Library Inc

Analysis

Jones Library Inc is a registered charity in United States, based in Amherst, MA. It received its IRS tax-exemption ruling in February 1996, 30 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 2022, Jones Library Inc reported income of $2.7m and spending of $2.9m, spending 106% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $2.8m to $2.7m (-4.2%), an average of -1.4% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jones Library Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Middlebury Academy ($2.7m), Constellation Schools Lorain Community Elementary ($2.7m) and Construction Education Foundation Inc ($2.7m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 85% and program service revenue 0.2% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $11.6m against liabilities of $19k, net assets of $11.5m.