Mount Laurel Library Association Inc

Analysis

Mount Laurel Library Association Inc is a registered charity in United States, based in Mount Laurel, NJ. It received its IRS tax-exemption ruling in March 1994, 32 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, Mount Laurel Library Association Inc reported income of $2.5m and spending of $2.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.5m (+14%), an average of +3.3% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mount Laurel Library Association Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Tiller School of Carteret County ($2.5m), Alliant Educational Foundation ($2.5m) and LA Compost ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $129k (4.9% of expenses). Other salaries and wages came to $972k. At year end it held assets of $2.3m against liabilities of $235k, net assets of $2.0m. It reported 37 employees.