Associates of the Boston Public Library Inc

Analysis

Associates of the Boston Public Library Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1986, 40 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 2023, Associates of the Boston Public Library Inc reported income of $1.8m and spending of $1.6m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.8m (+51%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 106%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Associates of the Boston Public Library Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Gem City Career Prep High School ($1.8m), Crescent Ridge Academy Inc ($1.8m) and Cowley College Foundation ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $213k. At year end it held assets of $9.3m against liabilities of $1,978, net assets of $9.3m. It reported 3 employees.