Merrimack Valley Library Consortium Inc

Analysis

Merrimack Valley Library Consortium Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in April 1989, 37 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 June 2024, Merrimack Valley Library Consortium Inc reported income of $2.4m and spending of $2.4m, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.8m to $2.4m (+35%), an average of +6.2% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Merrimack Valley Library Consortium Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Partners Against Violence ($2.4m), Ponderosa Pines Christian Camp Inc ($2.4m) and Athens County Foundation ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 23% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $140k (5.7% of expenses). Other salaries and wages came to $771k. At year end it held assets of $1.1m against liabilities of $172k, net assets of $909k. It reported 10 employees.