Trustees of the Free Public Library of the Township of Montville

Analysis

Trustees of the Free Public Library of the Township of Montville is a registered charity in United States, based in Montville, NJ. It received its IRS tax-exemption ruling in September 1997, 29 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, Trustees of the Free Public Library of the Township of Montville reported income of $1.8m and spending of $1.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.8m (+7.3%), an average of +1.8% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trustees of the Free Public Library of the Township of Montville sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Governors State University Foundation ($1.8m), Southwestern Idaho Electrical Joint Apprenticeship and Training Trust ($1.8m) and Digital Theological Library ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $94k (5.7% of expenses). Other salaries and wages came to $739k. At year end it held assets of $2.3m against liabilities of $1.3m, net assets of $948k. It reported 23 employees.