Jacob Sears Memorial Library Corporation

Analysis

Jacob Sears Memorial Library Corporation is a registered charity in United States, based in East Dennis, MA. It received its IRS tax-exemption ruling in May 1998, 28 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, Jacob Sears Memorial Library Corporation reported income of $136k and spending of $115k, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $101k to $136k (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jacob Sears Memorial Library Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Wisdom of Healing School Inc ($135k), Mill Creek High Cheerleading Inc ($136k) and Friends of Thomas Jefferson Elementary ($135k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 1.2% of the total. Other salaries and wages came to $49k. At year end it held assets of $846k against liabilities of $1,309, net assets of $845k. It reported 3 employees.