Arms Library Association Inc

Analysis

Arms Library Association Inc is a registered charity in United States, based in Shelburne FLS, MA. It received its IRS tax-exemption ruling in June 2023, 3 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, Arms Library Association Inc reported income of $107k and spending of $171k, spending 160% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $423k to $107k (-75%), an average of -24% a year. The sharpest change came in the year to June 2021, when income dropped by 75%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arms Library Association Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 45th percentile within MA. Charities of a similar size with the same main cause include Mark Dombroski Foundation ($107k), Christopher R Howell Memorialfoundation Inc ($107k) and Center for Emergency Response Training Inc ($107k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 0.2% of the total. Other salaries and wages came to $61k. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m. It reported 5 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.