Marstons Mills Public Library Inc

Analysis

Marstons Mills Public Library Inc is a registered charity in United States, based in Marstons MLS, MA. It received its IRS tax-exemption ruling in March 1981, 45 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, Marstons Mills Public Library Inc reported income of $317k and spending of $349k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $278k to $317k (+14%), an average of +3.4% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marstons Mills Public Library Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Sonshine Soup Kitchen ($317k), Hollis Adams Foundation Inc ($317k) and Harmonium a Classical Choral Society Inc ($317k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 0.8% of the total. Other salaries and wages came to $209k. At year end it held assets of $514k against liabilities of $21k, net assets of $492k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.