Woburn Public Library Foundation Inc

Analysis

Woburn Public Library Foundation Inc is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Woburn Public Library Foundation Inc reported income of $108k and spending of $101k, spending 93% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $254k to $108k (-57%), an average of -25% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Woburn Public Library Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 45th percentile within MA. Charities of a similar size with the same main cause include Oconee County Warrior Foundation Inc ($108k), Olentangy Friends of Football ($108k) and The Moorings Educational Foundation Inc ($108k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 106% of the total. At year end it held assets of $454k against liabilities of $0, net assets of $454k.