Whitinsville Social Library

Analysis

Whitinsville Social Library is a registered charity in United States, based in Whitinsville, MA. It received its IRS tax-exemption ruling in June 1945, 81 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, Whitinsville Social Library reported income of $1.2m and spending of $409k, leaving 66% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $510k to $1.2m (+134%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 47% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Whitinsville Social Library 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 Innovative Engineering Consortium ($1.2m), Educational Endowment Fund Inc ($1.2m) and College Visions ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 0.1% of the total. Other salaries and wages came to $242k. At year end it held assets of $6.2m against liabilities of $304k, net assets of $5.9m.