Marlborough Public Library Foundation Inc

Analysis

Marlborough Public Library Foundation Inc is a registered charity in United States, based in Marlborough, MA. It received its IRS tax-exemption ruling in September 2003, 23 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 2024, Marlborough Public Library Foundation Inc reported income of $494k and spending of $624k, spending 126% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $197k to $494k (+151%), an average of +58% a year. The sharpest change came in the year to June 2023, when income rose by 144%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marlborough Public Library Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Montessori Center Room Inc ($494k), Aledo Isd Education Foundation ($494k) and Yours Humanly ($494k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $181k against liabilities of $0, net assets of $181k.