Cotuit Library Association

Analysis

Cotuit Library Association is a registered charity in United States, based in Cotuit, MA. It received its IRS tax-exemption ruling in June 1974, 52 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, Cotuit Library Association reported income of $580k and spending of $497k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $387k to $580k (+50%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cotuit Library Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Cpa Endowment Fund of Illinois ($580k), Hartshorn School PTO Inc ($580k) and Capital Facilities Foundation Inc ($580k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% of the total. Other salaries and wages came to $259k. At year end it held assets of $2.7m against liabilities of $5,078, net assets of $2.7m. It reported 13 employees.