Dyer Library Association

Analysis

Dyer Library Association is a registered charity in United States, based in Saco, ME. It received its IRS tax-exemption ruling in September 1944, 82 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, Dyer Library Association reported income of $970k and spending of $1.0m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.0m to $970k (-3.1%), an average of -1.0% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dyer Library Association sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within ME. Charities of a similar size with the same main cause include John J Brannen Community Education Foundation Inc ($970k), American Academy of Ballet Performance Awards Inc ($971k) and Johnson Corners Christian Academy ($970k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $100k (9.8% of expenses). Other salaries and wages came to $564k. At year end it held assets of $3.9m against liabilities of $76k, net assets of $3.9m. It reported 25 employees.