Mark Twain Library Assn Inc

Analysis

Mark Twain Library Assn Inc is a registered charity in United States, based in Redding, CT. It received its IRS tax-exemption ruling in August 1946, 80 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 May 2024, Mark Twain Library Assn Inc reported income of $1.7m and spending of $1.2m, leaving 29% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.1m to $1.7m (+47%), an average of +10% a year. The sharpest change came in the year to May 2021, when income rose by 19%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mark Twain Library Assn Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include Park City Historical Society Inc ($1.7m), Page Ahead Childrens Literacy PRGM ($1.7m) and Shuang Wen Academy Network ($1.7m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $113k (9.4% of expenses). Other salaries and wages came to $564k. At year end it held assets of $6.8m against liabilities of $65k, net assets of $6.7m. It reported 27 employees.