Walpole Public Library Endowment Trust

Analysis

Walpole Public Library Endowment Trust is a registered charity in United States, based in Walpole, MA. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Walpole Public Library Endowment Trust reported income of $69k and spending of $7,815, leaving 89% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $53k to $69k (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 380%. Over the whole period it spent 20% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Walpole Public Library Endowment Trust sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Institute for Promotion of Vediceducation and Culture Inc ($69k), Gatlinburg Rotary Foundation Inc ($69k) and Woodstown-Pilesgrove Library Association ($69k).

At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.