Skidompha Library Assoc

Analysis

Skidompha Library Assoc is a registered charity in United States, based in Damariscotta, ME. It received its IRS tax-exemption ruling in August 1972, 54 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 2024, Skidompha Library Assoc reported income of $841k and spending of $789k, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $783k to $841k (+7.4%), an average of +1.4% a year. The sharpest change came in the year to June 2022, when income dropped by 42%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Skidompha Library Assoc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within ME. Charities of a similar size with the same main cause include Heritage Retreats Inc ($841k), St Margarets School Foundation ($841k) and Special Ed Academy of Deal Inc ($841k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $72k (9.2% of expenses). Other salaries and wages came to $272k. At year end it held assets of $4.7m against liabilities of $172k, net assets of $4.5m. It reported 11 employees.