Moorestown Free Library Association

Analysis

Moorestown Free Library Association is a registered charity in United States, based in Moorestown, NJ. It received its IRS tax-exemption ruling in December 1960, 66 years ago. 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, Moorestown Free Library Association reported income of $74k and spending of $89k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $34k to $74k (+118%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Moorestown Free Library Association sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 36th percentile within NJ. Charities of a similar size with the same main cause include Celina Association of Renaissance Excellence ($74k), PTA California Congress of Parents Teachers & Students Inc ($74k) and Tioga County Historical Society Inc ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 19% of the total. At year end it held assets of $652k against liabilities of $0, net assets of $652k.