Abbot Public Library Foundation Inc

Analysis

Abbot Public Library Foundation Inc is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in March 2015, 11 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, Abbot Public Library Foundation Inc reported income of $323k and spending of $32k, leaving 90% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income fell from $351k to $323k (-8.2%), an average of -2.1% a year. The sharpest change came in the year to June 2022, when income rose by 327%. Over the whole period it spent 7.7% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Abbot Public Library Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Italian School NJ Inc ($323k), The James Ferrell Foundation ($323k) and Missouri Association of Treatment Court Professionals ($323k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.