Spencer Public Library Municipal Trust

Analysis

Spencer Public Library Municipal Trust is a registered charity in United States, based in Spencer, IA. It received its IRS tax-exemption ruling in October 1979, 47 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, Spencer Public Library Municipal Trust reported income of $72k and spending of $32k, leaving 55% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $21k to $72k (+241%), an average of +36% a year. The sharpest change came in the year to June 2024, when income rose by 147%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spencer Public Library Municipal Trust sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within IA. Charities of a similar size with the same main cause include New York Civil Justice Institute Inc ($72k), Newton South High School Boosters Club Trust ($73k) and PTA New York Congress ($72k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% of the total. At year end it held assets of $743k against liabilities of $0, net assets of $743k.