North of Boston Library Exchange Inc

Analysis

North of Boston Library Exchange Inc is a registered charity in United States, based in Danvers, MA. It received its IRS tax-exemption ruling in July 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, North of Boston Library Exchange Inc reported income of $2.6m and spending of $2.6m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.4m to $2.6m (+8.1%), an average of +2.0% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North of Boston Library Exchange Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Leadership Academy of Nevada ($2.6m), East Range Academy of Technology & Science ($2.6m) and Ubuntu Pathways Inc ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 24% of the total. Other salaries and wages came to $800k. At year end it held assets of $3.0m against liabilities of $224k, net assets of $2.8m. It reported 14 employees.