Morris Plains Library Association

Analysis

Morris Plains Library Association is a registered charity in United States, based in Morris Plains, NJ. It received its IRS tax-exemption ruling in November 1952, 74 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, Morris Plains Library Association reported income of $162k and spending of $158k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $158k to $162k (+2.8%), an average of +0.7% a year. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morris Plains Library Association sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 56th percentile within NJ. Charities of a similar size with the same main cause include S O S Thrift Store ($162k), Icanet ($162k) and Mountain Phoenix Community School Foundation ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $85k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 12 employees.