Groton Public Library Endowment TR

Analysis

Groton Public Library Endowment TR is a registered charity in United States, based in Groton, MA. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Groton Public Library Endowment TR reported income of $200k and spending of $173k, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $278k to $200k (-28%), an average of -6.4% a year. The sharpest change came in the year to June 2024, when income rose by 188%. Over the whole period it spent 44% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Groton Public Library Endowment TR sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include Sunriver Womens Club ($200k), Deleuze Family Charitable Foundation ($200k) and Bos Effort ($200k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% of the total. At year end it held assets of $4.2m against liabilities of $2,460, net assets of $4.2m.