Boston Library Consortium

Analysis

Boston Library Consortium is a registered charity in United States, based in Franklin, MA. It received its IRS tax-exemption ruling in August 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Boston Library Consortium reported income of $1.3m and spending of $1.4m, spending 108% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $614k to $1.3m (+105%), an average of +20% a year. The sharpest change came in the year to May 2023, when income rose by 54%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boston Library Consortium sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Florida Ballet at Jacksonville Inc ($1.3m), Gaining Ground Inc ($1.3m) and Covenant Missions ($1.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $166k (12% of expenses). Other salaries and wages came to $304k. At year end it held assets of $1.1m against liabilities of $314k, net assets of $754k. It reported 6 employees.