Monson Free Library and Reading Room Association

Analysis

Monson Free Library and Reading Room Association is a registered charity in United States, based in Monson, MA. It received its IRS tax-exemption ruling in November 1934, 92 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 2024, Monson Free Library and Reading Room Association reported income of $396k and spending of $552k, spending 139% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $456k to $396k (-13%), an average of -3.5% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Monson Free Library and Reading Room Association sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Rossmoor Scholarship Foundation ($396k), Sommfoundation ($396k) and Reach Out and Read Rhode Island ($396k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $2.2m against liabilities of $348k, net assets of $1.9m.