Lenox Library Association

Analysis

Lenox Library Association is a registered charity in United States, based in Lenox, MA. It received its IRS tax-exemption ruling in December 1942, 84 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 2023, Lenox Library Association reported income of $316k and spending of $347k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $346k to $316k (-8.7%), an average of -2.3% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lenox Library Association sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Tbmopa Foundation Inc ($316k), Valley Vista Booster Club ($316k) and Knights Booster Foundation ($316k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 1.9% of the total. Other salaries and wages came to $96k. At year end it held assets of $4.2m against liabilities of $4,556, net assets of $4.1m. It reported 2 employees.