Memorial Library Association Incorporated of Dennis

Analysis

Memorial Library Association Incorporated of Dennis is a registered charity in United States, based in Dennis, MA. It received its IRS tax-exemption ruling in October 1951, 75 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, Memorial Library Association Incorporated of Dennis reported income of $188k and spending of $188k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $154k to $188k (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memorial Library Association Incorporated of Dennis sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Little League Baseball Inc ($188k), Healthy Adams County ($188k) and Mill Valley Nursery School ($188k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 2.5% of the total. Other salaries and wages came to $59k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 4 employees.