Medical Library Association

Analysis

Medical Library Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1997, 29 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 December 2023, Medical Library Association reported income of $237k and spending of $202k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $450k to $237k (-47%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 67%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Medical Library Association sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include Susanna Wesley House Inc ($237k), Realslow Recovery LLC ($237k) and Road Runners Club of America ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 64% of the total. At year end it held assets of $983k against liabilities of $0, net assets of $983k.