Seekonk Library Trust

Analysis

Seekonk Library Trust is a registered charity in United States, based in Seekonk, MA. It received its IRS tax-exemption ruling in January 1990, 36 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 2023, Seekonk Library Trust reported income of $88k and spending of $17k, leaving 81% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $21k to $88k (+313%), an average of +60% a year. The sharpest change came in the year to June 2023, when income rose by 278%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seekonk Library Trust sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Apple Foundation ($88k), Kewaskum Athletic Association ($88k) and Robert N Soper Foundation ($88k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $761k against liabilities of $0, net assets of $761k.