Wellesley Free Library Foundation Inc

Analysis

Wellesley Free Library Foundation Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in March 2026. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wellesley Free Library Foundation Inc reported income of $523k and spending of $519k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $736k to $523k (-29%), an average of -11% a year. The sharpest change came in the year to June 2021, when income rose by 67%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wellesley Free Library Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Manitowoc Public School District Foundation ($523k), Whippanong Library Association ($523k) and Keep ($523k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% of the total. Other salaries and wages came to $21k. At year end it held assets of $6.7m against liabilities of $326k, net assets of $6.4m. It reported 1 employees.