Gloucester Lyceum and Sawyer Free Library

Analysis

Gloucester Lyceum and Sawyer Free Library is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in September 1949, 77 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, Gloucester Lyceum and Sawyer Free Library reported income of $5.0m and spending of $2.2m, leaving 57% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $5.0m (+203%), an average of +32% a year. The sharpest change came in the year to June 2024, when income rose by 125%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gloucester Lyceum and Sawyer Free Library sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Francophone Charter School of Oakland ($5.0m), Center of Excellence for Educator Preparation and Innovation Inc ($5.0m) and Taf Rural Expansion Foundation ($5.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $1.1m. It paid $61k in professional fundraising fees. At year end it held assets of $12.7m against liabilities of $142k, net assets of $12.6m.