Endowment Fund of the T B Scott Free Library

Analysis

Endowment Fund of the T B Scott Free Library is a registered charity in United States, based in Merrill, WI. It received its IRS tax-exemption ruling in April 1983, 43 years ago. 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, Endowment Fund of the T B Scott Free Library reported income of $95k and spending of $56k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $137k to $95k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Endowment Fund of the T B Scott Free Library sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within WI. Charities of a similar size with the same main cause include Middlebury Amateur Hockey Association Inc ($95k), Fight for Sight Inc ($95k) and Caspar Gregory Camp Inc ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $611k against liabilities of $0, net assets of $611k.