Sharon Public Library Foundation Inc

Analysis

Sharon Public Library Foundation Inc is a registered charity in United States, based in Sharon, MA. It received its IRS tax-exemption ruling in December 2021, 5 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 2024, Sharon Public Library Foundation Inc reported income of $142k and spending of $4,211, leaving 97% of income unspent that year. Across the 3 years on record, from June 2020 to June 2024, income grew from $33k to $142k (+330%), an average of +107% a year. The sharpest change came in the year to June 2024, when income rose by 1244%. Over the whole period it spent 4.6% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sharon Public Library Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include William Widdy Neale Scholarship Fund Inc ($142k), So Le Hi Kid Care ($142k) and Ponderosa Quarterback Club ($142k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $188k against liabilities of $0, net assets of $188k.