Lee Library Association

Analysis

Lee Library Association is a registered charity in United States, based in Lee, MA. It received its IRS tax-exemption ruling in July 1953, 73 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 2024, Lee Library Association reported income of $294k and spending of $288k, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $316k to $294k (-6.8%), an average of -1.4% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lee Library Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Statesman Foundation Inc ($294k), Volti ($294k) and Advocate ($294k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $132k. At year end it held assets of $501k against liabilities of $0, net assets of $501k. It reported 15 employees.