Bristol Area Library Association

Analysis

Bristol Area Library Association is a registered charity in United States, based in New Harbor, ME. It received its IRS tax-exemption ruling in October 1966, 60 years ago. 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, Bristol Area Library Association reported income of $80k and spending of $80k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $86k to $80k (-7.8%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bristol Area Library Association sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 24th percentile within ME. Charities of a similar size with the same main cause include Affinity Films Inc ($80k), Lakeshore Co-Operative Nursery School ($80k) and Buna Volunteer Fire Department ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 15% of the total. Other salaries and wages came to $38k. At year end it held assets of $821k against liabilities of $16k, net assets of $805k. It reported 4 employees.