Rockland Public Library Association

Analysis

Rockland Public Library Association is a registered charity in United States, based in Rockland, ME. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Rockland Public Library Association reported income of $273k and spending of $87k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $51k to $273k (+437%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 188%. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rockland Public Library Association sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 54th percentile within ME. Charities of a similar size with the same main cause include Carthage Area United Way Inc ($272k), American Society of Retina Specialists Inc ($273k) and Mielke Family Foundation Inc ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.