Maquoketa Library Corporation

Analysis

Maquoketa Library Corporation is a registered charity in United States, based in Maquoketa, IA. It received its IRS tax-exemption ruling in October 1995, 31 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, Maquoketa Library Corporation reported income of $172k and spending of $149k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $315k to $172k (-45%), an average of -14% a year. The sharpest change came in the year to June 2021, when income rose by 375%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maquoketa Library Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within IA. Charities of a similar size with the same main cause include Detroit Public Library Friends Foundation Inc ($172k), Palm Valley Academy PTO ($172k) and New Hope Solebury Education Fund ($172k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.