Lilly Library Association

Analysis

Lilly Library Association is a registered charity in United States, based in Florence, MA. It received its IRS tax-exemption ruling in June 1951, 75 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 June 2024, Lilly Library Association reported income of $615k and spending of $507k, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $459k to $615k (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2024, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lilly Library Association sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Lower Merion Township Police Pension Association ($615k), Litchfield Historical Society ($615k) and Harvest of Hope Food Pantry Inc ($615k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 72% of the total. Other salaries and wages came to $269k. At year end it held assets of $5.8m against liabilities of $4,867, net assets of $5.8m. It reported 26 employees.