Audible Local Ledger Inc

Analysis

Audible Local Ledger Inc is a registered charity in United States, based in Mashpee, MA. It received its IRS tax-exemption ruling in March 2002, 24 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 2023, Audible Local Ledger Inc reported income of $153k and spending of $121k, leaving 21% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $119k to $153k (+29%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Audible Local Ledger Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within MA. Charities of a similar size with the same main cause include Robotech Educational Services Inc ($153k), Southwest Consortium of Indian Head Start Programs Inc ($153k) and Elevated Minds Embracing Righteousness and Gaining Equality ($153k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $99k against liabilities of $970, net assets of $98k.