Sturgis Library

Analysis

Sturgis Library is a registered charity in United States, based in Barnstable, MA. It received its IRS tax-exemption ruling in March 1928, 98 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, Sturgis Library reported income of $1.4m and spending of $651k, leaving 54% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $622k to $1.4m (+126%), an average of +23% a year. The sharpest change came in the year to June 2024, when income rose by 90%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sturgis Library sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($1.4m), Our Friends Place ($1.4m) and Au Sable Trails Institute of Environmental Studies ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 1.3% of the total. Other salaries and wages came to $287k. At year end it held assets of $6.2m against liabilities of $48k, net assets of $6.1m. It reported 9 employees.