Trustees of the Public Library of the City of Boston

Analysis

Trustees of the Public Library of the City of Boston is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 1967, 59 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, Trustees of the Public Library of the City of Boston reported income of $15.6m and spending of $15.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.8m to $15.6m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trustees of the Public Library of the City of Boston sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include South Buffalo Charter School ($15.6m), The University of Arkansas Fort Smith Foundation Inc ($15.6m) and McKinney Christian School ($15.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 0.7% of the total. Other salaries and wages came to $3.7m. At year end it held assets of $93.1m against liabilities of $4.7m, net assets of $88.4m. It reported 507 employees.