Minuteman Library Network Inc

Analysis

Minuteman Library Network Inc is a registered charity in United States, based in Natick, MA. It received its IRS tax-exemption ruling in March 1987, 39 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 2024, Minuteman Library Network Inc reported income of $4.2m and spending of $4.3m, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.8m to $4.2m (+47%), an average of +8.0% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minuteman Library Network Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Gem Prep Meridian South ($4.2m), Healy Murphy Center Inc ($4.2m) and French Broad River Academy Inc ($4.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $261k (6.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.2m against liabilities of $377k, net assets of $1.8m. It reported 14 employees.