Memorial & Library Association
Westerly, Rhode Island
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 4 peers in Education with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $2,135,182↓31% | $2,974,378 | $40,823,245↑6% | |
| 2022 | $3,083,300↑31% | $2,974,224↑2% | $38,501,613↓15% | — |
| 2021 | $2,353,119↓15% | $2,926,348↑2% | $45,284,648↑18% | — |
| 2020 | $2,752,570↓70% | $2,860,809 | $38,334,448↓1% | — |
| 2019 | $9,076,223↑63% | $2,863,391↑4% | $38,658,782↑16% | — |
| 2018 | $5,578,143↑42% | $2,747,864↓6% | $33,240,746 | — |
| 2017 | $3,932,829↑90% | $2,910,579↑5% | $33,287,001↑3% | — |
| 2016 | $2,071,169↑2% | $2,768,550 | $32,400,391↓4% | — |
| 2015 | $2,021,972↑15% | $2,779,177↓1% | $33,887,232↓4% | — |
| 2014 | $1,765,034↓57% | $2,803,896↑3% | $35,158,833↑3% | — |
| 2013 | $4,136,655↓2% | $2,717,796↓1% | $34,034,112↑8% | — |
| 2012 | $4,222,634↓11% | $2,740,725↑9% | $31,407,899↑2% | — |
| 2011 | $4,727,663 | $2,504,857 | $30,720,576 | — |
Frequently Asked Questions
What does Memorial & Library Association do?▼
Memorial & Library Association is a education nonprofit organization based in Rhode Island. It is classified under NTEE code B71I and is registered as a 501(c) tax-exempt organization with the IRS.
Is Memorial & Library Association financially healthy?▼
Based on our 9-metric Financial Health Score model, Memorial & Library Association has a score of 68/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Memorial & Library Association generate?▼
Memorial & Library Association reports $4.0M in annual revenue and holds $44.4M in total assets, based on IRS filings.
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