Levi Heywood Memorial Library Association

Analysis

Levi Heywood Memorial Library Association is a registered charity in United States, based in Gardner, MA. It received its IRS tax-exemption ruling in October 1942, 84 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 2024, Levi Heywood Memorial Library Association reported income of $1.1m and spending of $1.4m, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.1m (+7.9%), an average of +1.9% a year. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Levi Heywood Memorial Library Association sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include National Association of Latino Independent Producers Inc ($1.1m), Cape Libraries Automated Materials ($1.1m) and Cristo Rey Miami High School Work Study Program Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $159k (12% of expenses). Other salaries and wages came to $462k. At year end it held assets of $5.5m against liabilities of $152k, net assets of $5.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.