Gleason Public Library Endowment FND

Analysis

Gleason Public Library Endowment FND is a registered charity in United States, based in Carlisle, MA. It received its IRS tax-exemption ruling in March 1986, 40 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Gleason Public Library Endowment FND reported income of $338k and spending of $19k, leaving 94% of income unspent that year. Across the 3 years on record, from February 2022 to February 2024, income grew from $55k to $338k (+517%), an average of +148% a year. The sharpest change came in the year to February 2024, when income rose by 3620%. Over the whole period it spent 8.6% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gleason Public Library Endowment FND sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Shorewood Foundation Inc ($338k), Wee Care Preschool Daycare Center Inc ($338k) and Sickle Cell Anemia Foundation of Oregon Inc ($338k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 94% of the total. At year end it held assets of $641k against liabilities of $0, net assets of $641k.