Jesse M Smith Memorial Library is a 501(c)(3) organization based in Harrisville, Rhode Island, registered in 1990, with $1,241,939 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$1.2M
▲ 9.1% vs prior year
Expenses (FY2024)
$1.1M
Net assets
$782K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Jesse M Smith Memorial Library— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Jesse M Smith Memorial Library: 8 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Jesse M Smith Memorial Library— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Jesse M Smith Memorial Library: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $737K (FY2013) to $1.2M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
8.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$804K
Total liabilities
$22K
Net assets
$782K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,241,939▲9.1% | $1,133,182▲7.1% | $782,203▲16.1% | $803,794▲13.8% | 990 |
| 2023 | $1,137,913▲3.0% | $1,057,826▼0.2% | $673,446▲13.5% | $706,060▲12.4% | 990 |
| 2022 | $1,104,561▲5.9% | $1,060,155▲7.9% | $593,359▲8.1% | $627,934▲7.6% | 990 |
| 2021 | $1,042,707▲1.2% | $982,333▲9.0% | $548,953▲12.4% | $583,559▲13.0% | 990 |
| 2020 | $1,030,009▲3.5% | $901,444▼3.4% | $488,579▲35.7% | $516,322▲24.2% | 990 |
| 2019 | $995,203▲3.1% | $933,399▼0.2% | $360,014▲20.7% | $415,658▲16.9% | 990 |
| 2018 | $965,128▲1.9% | $935,441▲4.3% | $298,210▲11.1% | $355,572▲22.5% | 990 |
| 2017 | $947,342▲2.7% | $897,192▲2.7% | $268,523▲23.0% | $290,270▲20.8% | 990 |
| 2016 | $922,650▲11.6% | $873,494▲7.1% | $218,373▲29.0% | $240,284▲14.5% | 990 |
| 2015 | $826,392▲3.6% | $815,745▲4.6% | $169,217▲6.7% | $209,794▲14.2% | 990 |
| 2014 | $797,947▲8.2% | $779,811▲8.1% | $158,570▲12.9% | $183,688▲6.3% | 990 |
| 2013 | $737,262 | $721,118▲5.4% | $140,434▲13.0% | $172,829▲15.0% | 990 |
| 2012 | — | $683,927▲6.9% | $124,290▲13.2% | $150,255▲22.9% | 990 |
| 2010 | — | $639,547 | $109,754 | $122,225 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Jesse M Smith Memorial Library (EIN 05-0346368) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.