Duxbury Free Library Inc

Analysis

Duxbury Free Library Inc is a registered charity in United States, based in Duxbury, MA. It received its IRS tax-exemption ruling in August 1942, 84 years ago. 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, Duxbury Free Library Inc reported income of $112k and spending of $126k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $101k to $112k (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Duxbury Free Library Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include PTA Florida Congress of Parents and Teachers ($112k), John F Murphy No 1 Corp ($112k) and St Joseph Junior Foundation Inc ($112k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% of the total. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.