Sawyer Library Foundation

Analysis

Sawyer Library Foundation is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Sawyer Library Foundation reported income of $195k and spending of $431k, spending 221% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $202k to $195k (-3.6%), an average of -1.8% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 119% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sawyer Library Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Garden Grove Covenant Christian Academy ($195k), Blooming Prairie Public School Foundation ($195k) and Full Circle Leadership Center ($195k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. Other salaries and wages came to $149k. At year end it held assets of $1.7m against liabilities of $1.8m, net assets of -$134k. It reported 3 employees.