Martin Library Association

Analysis

Martin Library Association is a registered charity in United States, based in York, PA. It received its IRS tax-exemption ruling in November 1942, 84 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, Martin Library Association reported income of $1.8m and spending of $1.1m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Martin Library Association 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 83rd percentile within PA. Charities of a similar size with the same main cause include Bright Star Academy Inc ($1.8m), The Alliance for Health Equity ($1.8m) and Hometech Charter School Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $14.1m against liabilities of $1.5m, net assets of $12.7m.