Friends of the Scituate Town Library

Analysis

Friends of the Scituate Town Library is a registered charity in United States, based in Scituate, MA. It received its IRS tax-exemption ruling in May 1991, 35 years ago. 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 September 2023, Friends of the Scituate Town Library reported income of $54k and spending of $41k, leaving 23% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $46k to $54k (+16%), an average of +16% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Scituate Town Library sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include The Josh Willingham Foundation ($54k), Edwardsburg Band Boosters ($54k) and Sertoma Inc ($54k).

At year end it held assets of $64k against liabilities of $0, net assets of $64k.