Manasquan Public Library

Analysis

Manasquan Public Library is a registered charity in United States, based in Manasquan, NJ. It received its IRS tax-exemption ruling in June 1976, 50 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, Manasquan Public Library reported income of $156k and spending of $134k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $144k to $156k (+8.3%), an average of +2.0% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Manasquan Public Library sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 56th percentile within NJ. Charities of a similar size with the same main cause include Harvard Business School Club of Houston ($156k), Central Saber Athletic Booster Club Inc ($156k) and Water for Cambodia a Middletown Rotary Charitable Trust ($156k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 5.5% of the total. Other salaries and wages came to $74k. At year end it held assets of $330k against liabilities of $0, net assets of $330k. It reported 7 employees.