Vineyard Haven Public Library Building Fund Inc

Analysis

Vineyard Haven Public Library Building Fund Inc is a registered charity in United States, based in Vineyard HVN, MA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vineyard Haven Public Library Building Fund Inc reported income of $301k and spending of $7,429, leaving 98% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $277k to $301k (+8.7%), an average of +4.2% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 3.6% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vineyard Haven Public Library Building Fund Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Encore Learning Inc ($301k), Volunteer Schools ($301k) and Singing Cedars School Inc ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $863k against liabilities of $0, net assets of $863k.