Cohasset Library Trust Inc

Analysis

Cohasset Library Trust Inc is a registered charity in United States, based in Cohasset, MA. It received its IRS tax-exemption ruling in February 2007, 19 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, Cohasset Library Trust Inc reported income of $225k and spending of $81k, leaving 64% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $91k to $225k (+147%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 173%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cohasset Library Trust Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include An Binh Charity Foundation ($225k), Sachse High School Band Booster Club ($225k) and Friends of Pioneer Charter School of Science Inc ($225k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.