Fenway Library Organization Inc

Analysis

Fenway Library Organization Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Fenway Library Organization Inc reported income of $1.9m and spending of $1.7m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $1.9m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2024, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fenway Library Organization Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Egremont Schools Inc ($1.9m), Wrec Educational Foundation Inc ($1.9m) and Community Council Education Services Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.9% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $106k (6.2% of expenses). Other salaries and wages came to $246k. At year end it held assets of $3.3m against liabilities of $281k, net assets of $3.0m. It reported 5 employees.