Library Foundation of Needham Inc

Analysis

Library Foundation of Needham Inc is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in July 2026. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3).

In the financial year ending June 2024, Library Foundation of Needham Inc reported income of $108k and spending of $47k, leaving 56% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $75k to $108k (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Library Foundation of Needham Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 45th percentile within MA. Charities of a similar size with the same main cause include Mesa Verde Foundation ($108k), Kiryas Joel Workforce Developmentinc ($108k) and Dutton S Peterson Memorial Library ($108k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.