Chebeague Island Library

Analysis

Chebeague Island Library is a registered charity in United States, based in Chebeague Is, ME. It received its IRS tax-exemption ruling in April 2013, 13 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, Chebeague Island Library reported income of $470k and spending of $151k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $470k (+349%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 216%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chebeague Island Library sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within ME. Charities of a similar size with the same main cause include St Anthonys Academy Limited ($470k), Joyce Ivy Foundation ($470k) and Yp Math Foundation ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. Other salaries and wages came to $54k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 3 employees.