Millicent Library

Analysis

Millicent Library is a registered charity in United States, based in Fairhaven, MA. It received its IRS tax-exemption ruling in June 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, Millicent Library reported income of $867k and spending of $797k, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $716k to $867k (+21%), an average of +3.9% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Millicent Library sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include The Tandana Foundation Inc ($867k), Tipp City Enrichment Program Inc ($867k) and Science Is Elementary Inc ($867k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 0.4% of the total. Other salaries and wages came to $472k. At year end it held assets of $1.7m against liabilities of $30k, net assets of $1.7m. It reported 16 employees.