Osterville Free Library Corporation

Analysis

Osterville Free Library Corporation is a registered charity in United States, based in Osterville, MA. It received its IRS tax-exemption ruling in August 1957, 69 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, Osterville Free Library Corporation reported income of $916k and spending of $940k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.0m to $916k (-13%), an average of -4.4% a year. The sharpest change came in the year to June 2021, when income rose by 116%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Osterville Free Library Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include The Camden Childrens House Montessori School ($916k), Colorado River Fair Junior Livestock Boosters Incorporated ($917k) and Ambleside Schools International ($916k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 4.6% of the total. Other salaries and wages came to $394k. At year end it held assets of $8.5m against liabilities of $116k, net assets of $8.3m. It reported 17 employees.