Mabel Tainter Literary Library & Educational Society

Analysis

Mabel Tainter Literary Library & Educational Society is a registered charity in United States, based in Menomonie, WI. It received its IRS tax-exemption ruling in September 1945, 81 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 December 2023, Mabel Tainter Literary Library & Educational Society reported income of $913k and spending of $804k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $511k to $913k (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mabel Tainter Literary Library & Educational Society 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 78th percentile, and in the 79th percentile within WI. Charities of a similar size with the same main cause include Palos Verdes High School Booster Club ($913k), Southeast Michigan Center for Medical Education ($914k) and Rise School of Corpus Christi Inc ($913k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $65k (8.1% of expenses). Other salaries and wages came to $142k. At year end it held assets of $4.6m against liabilities of $58k, net assets of $4.6m. It reported 18 employees.