Arlington Libraries Foundation Inc

Analysis

Arlington Libraries Foundation Inc is a registered charity in United States, based in Arlington, MA. It received its IRS tax-exemption ruling in March 2013, 13 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Arlington Libraries Foundation Inc reported income of $161k and spending of $118k, leaving 26% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $174k to $161k (-7.3%), an average of -7.3% a year. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arlington Libraries Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Workshop in Business Opportunities Inc ($161k), Detroit Rugby Football Club of Metropolitan Detroit Inc ($161k) and Massachusetts Bay Railroad Enthusiasts Inc ($161k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 92% of the total. At year end it held assets of $362k against liabilities of $0, net assets of $362k.