Cape Libraries Automated Materials

Analysis

Cape Libraries Automated Materials is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in September 1989, 37 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, Cape Libraries Automated Materials reported income of $1.1m and spending of $1.2m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.1m (+14%), an average of +3.3% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cape Libraries Automated Materials sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Levi Heywood Memorial Library Association ($1.1m), East Tennessee Economic Development Agency Inc ($1.1m) and National Association of Latino Independent Producers Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $132k (11% of expenses). Other salaries and wages came to $289k. At year end it held assets of $1.4m against liabilities of $48k, net assets of $1.3m. It reported 8 employees.