Marathon Public Library

Analysis

Marathon Public Library is a registered charity in United States, based in Marathon, TX. 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 (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, Marathon Public Library reported income of $2.1m and spending of $267k, leaving 87% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $231k to $2.1m (+787%), an average of +107% a year. The sharpest change came in the year to December 2023, when income rose by 892%. Over the whole period it spent 26% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marathon Public Library sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Rooted ($2.1m), Mr Hollands Opus Foundation Inc ($2.1m) and Georgia Independent College Association Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.3% of the total. Other salaries and wages came to $94k. At year end it held assets of $2.2m against liabilities of $2,633, net assets of $2.2m. It reported 3 employees.