Whelden Memorial Library Corp

Analysis

Whelden Memorial Library Corp is a registered charity in United States, based in W Barnstable, MA. It received its IRS tax-exemption ruling in July 1969, 57 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, Whelden Memorial Library Corp reported income of $223k and spending of $268k, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $207k to $223k (+7.9%), an average of +1.9% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Whelden Memorial Library Corp sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Kendall County Fair Association ($223k), Illuminated Life School Inc ($223k) and Assurance Sciences Foundation ($223k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 1.5% of the total. Other salaries and wages came to $132k. At year end it held assets of $579k against liabilities of $8,100, net assets of $571k. It reported 10 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.