Petersham Memorial Library

Analysis

Petersham Memorial Library is a registered charity in United States, based in Petersham, MA. It received its IRS tax-exemption ruling in July 1946, 80 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, Petersham Memorial Library reported income of $76k and spending of $88k, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $70k to $76k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income rose by 105%. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Petersham Memorial Library sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 38th percentile within MA. Charities of a similar size with the same main cause include Billy Mock Foundation Inc ($76k), Virginia Congress of Parents and Teachers ($76k) and Sheldon Independent School District Education Foundation ($76k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 5.0% of the total. Other salaries and wages came to $38k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.