Scituate Library Foundation Inc

Analysis

Scituate Library Foundation Inc is a registered charity in United States, based in Scituate, MA. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Scituate Library Foundation Inc reported income of $196k and spending of $26k, leaving 87% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $121k to $196k (+62%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 867%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Scituate Library Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include The Frank M Johnson Jr Institute ($196k), Grand Marais Playhouse Inc ($196k) and Route 66 the Road Ahead Initiative NFP ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $366k against liabilities of $0, net assets of $366k.