Woods Hole Public Library

Analysis

Woods Hole Public Library is a registered charity in United States, based in Woods Hole, MA. It received its IRS tax-exemption ruling in July 1938, 88 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 2023, Woods Hole Public Library reported income of $590k and spending of $410k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $378k to $590k (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Woods Hole Public Library 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 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Cupertino Nursery School Inc ($590k), Minidoka County School District 331 Educational Foundation ($590k) and Northland Christian School of Flagstaff ($590k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 8.0% of the total. Other salaries and wages came to $157k. At year end it held assets of $4.2m against liabilities of $23k, net assets of $4.2m. It reported 16 employees.