Rockport Library Foundation

Analysis

Rockport Library Foundation is a registered charity in United States, based in Rockport, ME. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Rockport Library Foundation reported income of $106k and spending of $47k, leaving 56% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.1m to $106k (-90%), an average of -37% a year. The sharpest change came in the year to June 2024, when income rose by 191%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rockport Library Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 32nd percentile within ME. Charities of a similar size with the same main cause include Litshop ($106k), Cisd Educational Support Groups Inc ($106k) and PTA Florida Congress ($106k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 89% of the total. At year end it held assets of $244k against liabilities of $0, net assets of $244k.