Mart Library Association Inc

Analysis

Mart Library Association Inc is a registered charity in United States, based in Mart, TX. It received its IRS tax-exemption ruling in November 1980, 46 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 June 2024, Mart Library Association Inc reported income of $143k and spending of $71k, leaving 50% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $8,646 to $143k (+1556%), an average of +102% a year. The sharpest change came in the year to June 2021, when income rose by 2086%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mart Library Association Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Society of American Foresters ($143k), Rocky Mountain Participation Nursery School ($143k) and Black Community Focus Fund Inc ($143k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% of the total. Other salaries and wages came to $24k. At year end it held assets of $660k against liabilities of $1,804, net assets of $658k. It reported 4 employees.