Stockbridge Library Association

Analysis

Stockbridge Library Association is a registered charity in United States, based in Stockbridge, MA. It received its IRS tax-exemption ruling in September 1945, 81 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, Stockbridge Library Association reported income of $527k and spending of $804k, spending 153% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $393k to $527k (+34%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 81%. Over the whole period it spent 126% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stockbridge Library Association sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Heartwood Nature Programs Foundation ($527k), First Connections for Early Success ($527k) and CE Events LLC ($527k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 104% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $86k (11% of expenses). Other salaries and wages came to $216k. At year end it held assets of $4.1m against liabilities of $27k, net assets of $4.1m. It reported 11 employees.