Milton Library Foundation Inc

Analysis

Milton Library Foundation Inc is a registered charity in United States, based in Milton, MA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Milton Library Foundation Inc reported income of $212k and spending of $63k, leaving 70% of income unspent that year. Across the 6 years on record, from December 2019 to June 2024, income fell from $257k to $212k (-17%), an average of -3.8% a year. The sharpest change came in the year to June 2021, when income rose by 565%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Milton Library Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include Acton Academy Essex ($212k), Evans Scholars Foundation ($212k) and The Forge Initiative Inc ($212k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 34% of the total. At year end it held assets of $2.0m against liabilities of $16k, net assets of $2.0m.