Thomas Memorial Library Foundation

Analysis

Thomas Memorial Library Foundation is a registered charity in United States, based in Cape Eliz, ME. It received its IRS tax-exemption ruling in March 2005, 21 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 2023, Thomas Memorial Library Foundation reported income of $70k and spending of $2,047, leaving 97% of income unspent that year. Across the 6 years on record, from December 2018 to June 2023, income grew from $58k to $70k (+21%), an average of +3.9% a year. The sharpest change came in the year to December 2019, when income rose by 28%. Over the whole period it spent 45% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thomas Memorial Library Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 20th percentile within ME. Charities of a similar size with the same main cause include Blankner Elementary School Foundation Inc ($70k), Partnership for Academic Competition Excellence ($70k) and Safe Schools New Hampshire ($70k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $837k against liabilities of $0, net assets of $837k.