Whippanong Library Association

Analysis

Whippanong Library Association is a registered charity in United States, based in Whippany, NJ. It received its IRS tax-exemption ruling in October 1992, 34 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, Whippanong Library Association reported income of $523k and spending of $513k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $488k to $523k (+7.1%), an average of +1.7% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Whippanong Library Association sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Wellesley Free Library Foundation Inc ($523k), Kindness Creators Intergenerational Program NFP ($523k) and Manitowoc Public School District Foundation ($523k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $78k (15% of expenses). At year end it held assets of $225k against liabilities of $0, net assets of $225k. It reported 12 employees.