Yarmouth Library Association

Analysis

Yarmouth Library Association is a registered charity in United States, based in Yarmouth Port, MA. It received its IRS tax-exemption ruling in April 1989, 37 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 2024, Yarmouth Library Association reported income of $359k and spending of $209k, leaving 42% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $174k to $359k (+107%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 678%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Yarmouth Library Association sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include One Ministries Inc ($359k), Sfpe Educational and Scientific Foundation Inc ($359k) and Shiloh Community Association ($359k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% and program service revenue 3.5% of the total. Other salaries and wages came to $76k. At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m. It reported 5 employees.