Cary Memorial Library Foundation Inc

Analysis

Cary Memorial Library Foundation Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in December 2017, 9 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, Cary Memorial Library Foundation Inc reported income of $2.1m and spending of $1.8m, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $253k to $2.1m (+743%), an average of +70% a year. The sharpest change came in the year to June 2024, when income rose by 773%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cary Memorial Library Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Jewish Graduate Student Initiative Inc ($2.1m), Ector County Isd Education Foundation Inc ($2.1m) and Association for Christian Education ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $45k. At year end it held assets of $492k against liabilities of $3,209, net assets of $489k. It reported 1 employees.