Townsend Public Library Endowment Inc

Analysis

Townsend Public Library Endowment Inc is a registered charity in United States, based in Townsend, MA. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Townsend Public Library Endowment Inc reported income of $55k and spending of $62k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $51k to $55k (+7.8%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Townsend Public Library Endowment Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include Butterflies From Jodie ($55k), Windsor Educational Foundation ($55k) and Kiwanis Club Foundation of Menlo Park ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.