Old Orchard Beach Free Public Library Association

Analysis

Old Orchard Beach Free Public Library Association is a registered charity in United States, based in Old Orchd BCH, ME. It received its IRS tax-exemption ruling in January 2014, 12 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, Old Orchard Beach Free Public Library Association reported income of $414k and spending of $397k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $299k to $414k (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Old Orchard Beach Free Public Library Association sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 62nd percentile within ME. Charities of a similar size with the same main cause include American Friends of St Hildas College Inc ($413k), Nevada Hosa ($414k) and Grassroots Free School System Inc ($413k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $209k. At year end it held assets of $312k against liabilities of $18k, net assets of $294k. It reported 10 employees.