Marmot Library Network Inc

Analysis

Marmot Library Network Inc is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Marmot Library Network Inc reported income of $2.9m and spending of $2.9m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $2.9m (+16%), an average of +3.7% a year. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Marmot Library Network Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CO. Charities of a similar size with the same main cause include San Antonio Foundation for Excellence in Education Inc ($2.9m), Lifespan Local Inc ($2.9m) and Community Charities of Minnesota ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $250k (8.5% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.4m against liabilities of $372k, net assets of $2.0m. It reported 16 employees.