Eldredge Public Library

Analysis

Eldredge Public Library is a registered charity in United States, based in Chatham, MA. It received its IRS tax-exemption ruling in June 1968, 58 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, Eldredge Public Library reported income of $1.5m and spending of $1.3m, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.5m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eldredge Public Library sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include East Bay Consortium of Educational Institutions ($1.5m), Midland Montessori School Inc ($1.5m) and Free Union Country School Inc ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 0.2% of the total. Other salaries and wages came to $703k. At year end it held assets of $9.4m against liabilities of $27k, net assets of $9.4m. It reported 17 employees.