Cumberland Library Fund Inc

Analysis

Cumberland Library Fund Inc is a registered charity in United States, based in Cumberland, RI. It received its IRS tax-exemption ruling in March 1995, 31 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 December 2023, Cumberland Library Fund Inc reported income of $98k and spending of $90k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $98k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cumberland Library Fund Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 32nd percentile within RI. Charities of a similar size with the same main cause include Friends of the Broward County African-American Research Library ($98k), North Grafton Elementary School Parent Teacher Group Inc ($98k) and Flushing Band and Orchestra Boosters Inc ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $493k against liabilities of $0, net assets of $493k.