Wiscasset Public Library

Analysis

Wiscasset Public Library is a registered charity in United States, based in Wiscasset, ME. It received its IRS tax-exemption ruling in December 1959, 67 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 December 2023, Wiscasset Public Library reported income of $510k and spending of $276k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $415k to $510k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wiscasset Public Library sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 66th percentile within ME. Charities of a similar size with the same main cause include Kids Count in Alachua County ($510k), New Jersey Turfgrass Foundation Inc ($510k) and Noor Academy Inc ($510k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $60k (22% of expenses). Other salaries and wages came to $77k. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m. It reported 6 employees.