Maplewood Memorial Library Foundation - a New Jersey Non-Prof

Analysis

Maplewood Memorial Library Foundation - a New Jersey Non-Prof is a registered charity in United States, based in Maplewood, NJ. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Maplewood Memorial Library Foundation - a New Jersey Non-Prof reported income of $355k and spending of $183k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $539k to $355k (-34%), an average of -9.9% a year. The sharpest change came in the year to December 2021, when income rose by 467%. Over the whole period it spent 23% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Maplewood Memorial Library Foundation - a New Jersey Non-Prof 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 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include RSVP of Central Oklahoma Inc ($355k), Eight Eleven Foundation Inc ($356k) and Lazy Bear Fund Inc ($355k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. It paid $4,387 in professional fundraising fees. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.