Mont Vernon Library Charitable Foundation

Analysis

Mont Vernon Library Charitable Foundation is a registered charity in United States, based in Mont Vernon, NH. It received its IRS tax-exemption ruling in July 2015, 11 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, Mont Vernon Library Charitable Foundation reported income of $531k and spending of $31k, leaving 94% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.1m to $531k (-51%), an average of -30% a year. The sharpest change came in the year to December 2023, when income rose by 156%. Over the whole period it spent 12% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mont Vernon Library Charitable Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within NH. Charities of a similar size with the same main cause include Choice-Filled Lives Network Inc ($531k), Pha Preparatory School Inc ($532k) and Walla Walla Catholic School Endowment Association ($531k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. It paid $27k in professional fundraising fees. At year end it held assets of $1.7m against liabilities of $1,667, net assets of $1.7m.