Palmer Public Library Association

Analysis

Palmer Public Library Association is a registered charity in United States, based in Palmer, MA. It received its IRS tax-exemption ruling in October 2010, 16 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, Palmer Public Library Association reported income of $966k and spending of $987k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $529k to $966k (+83%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 124%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palmer Public Library Association sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Community Preschool of the Palisades Inc ($966k), LLVM Foundation ($966k) and Knoxville Montessori School ($965k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.3% of the total. Other salaries and wages came to $549k. At year end it held assets of $953k against liabilities of $0, net assets of $953k.