Clapp Memorial Library Inc

Analysis

Clapp Memorial Library Inc is a registered charity in United States, based in Belchertown, MA. It received its IRS tax-exemption ruling in May 1972, 54 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, Clapp Memorial Library Inc reported income of $139k and spending of $123k, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $183k to $139k (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clapp Memorial Library Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Greenville Sheriffs Foundation ($139k), Foster and Adoptive Families of Larimer County ($139k) and City Advance ($139k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 3.1% of the total. At year end it held assets of $1.4m against liabilities of $2,326, net assets of $1.4m.