Marion Library Association

Analysis

Marion Library Association is a registered charity in United States, based in Marion, MA. It received its IRS tax-exemption ruling in October 1976, 50 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 2023, Marion Library Association reported income of $396k and spending of $346k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $266k to $396k (+49%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marion Library Association sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include American Chemical Society ($396k), Historical Society of Harford County Inc ($396k) and Tucson Community Development & Design Center Inc ($396k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $77k (22% of expenses). At year end it held assets of $827k against liabilities of $9,116, net assets of $817k. It reported 13 employees.