Webster Memorial Library

Analysis

Webster Memorial Library is a registered charity in United States, based in Decatur, MI. It received its IRS tax-exemption ruling in April 1962, 64 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Webster Memorial Library reported income of $189k and spending of $212k, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $97k to $189k (+94%), an average of +18% a year. The sharpest change came in the year to June 2024, when income rose by 152%. Over the whole period it spent 119% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Webster Memorial Library sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include Friends of King a Nonprofit Corporation ($189k), Chalearn ($189k) and Hamilton High School Boosters Association Inc ($189k).

Compensation of current officers, directors and key employees was $18k (8.5% of expenses). At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.