Plymouth Public Library

Analysis

Plymouth Public Library is a registered charity in United States, based in Plymouth, MA. It received its IRS tax-exemption ruling in January 1943, 83 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 2023, Plymouth Public Library reported income of $260k and spending of $315k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $200k to $260k (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 126% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Plymouth Public Library sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include American Herbal Pharmacopoeia ($260k), Alumnae Association of Philadelphi a High School for Girl ($260k) and Madison Abc Program Incorporated ($260k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 23% of the total. Other salaries and wages came to $149k. At year end it held assets of $1.2m against liabilities of $12k, net assets of $1.2m. It reported 3 employees.

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.