Massachusetts Library System Inc

Analysis

Massachusetts Library System Inc is a registered charity in United States, based in Marlborough, MA. It received its IRS tax-exemption ruling in November 1997, 29 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, Massachusetts Library System Inc reported income of $13.9m and spending of $12.7m, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $9.6m to $13.9m (+45%), an average of +9.7% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Massachusetts Library System Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Orchard School Foundation Inc ($13.9m), Pemayetv Emahakv Inc ($14.0m) and Waterford Country School Incorporated ($13.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 8.9% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $8.9m against liabilities of $844k, net assets of $8.1m. It reported 90 employees.