Maysville & Mason County Library Historical & Scientific Associatio

Analysis

Maysville & Mason County Library Historical & Scientific Associatio is a registered charity in United States, based in Maysville, KY. It received its IRS tax-exemption ruling in November 1946, 80 years ago. 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, Maysville & Mason County Library Historical & Scientific Associatio reported income of $535k and spending of $836k, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $535k (-53%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 52%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maysville & Mason County Library Historical & Scientific Associatio 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 72nd percentile within KY. Charities of a similar size with the same main cause include Sarasota Area Housing Inc ($535k), National Guild for Community Arts Education Inc ($535k) and Habitat for Humanity International Inc ($535k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 7.1% of the total. At year end it held assets of $9.0m against liabilities of $22k, net assets of $9.0m. It reported 29 employees.