Wilton Free Library Association

Analysis

Wilton Free Library Association is a registered charity in United States, based in Wilton, ME. It received its IRS tax-exemption ruling in October 2024, 2 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, Wilton Free Library Association reported income of $197k and spending of $199k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $150k to $197k (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wilton Free Library Association sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 47th percentile within ME. Charities of a similar size with the same main cause include Center for Development Inc ($197k), Aliso Niguel High School Pep Squad Booster Club ($197k) and Leadership Southcoast Inc ($197k).

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 $105k. At year end it held assets of $843k against liabilities of $16k, net assets of $827k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.