Brooksville Free Public Library Inc

Analysis

Brooksville Free Public Library Inc is a registered charity in United States, based in Brooksville, ME. It received its IRS tax-exemption ruling in March 1973, 53 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, Brooksville Free Public Library Inc reported income of $139k and spending of $78k, leaving 44% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $86k to $139k (+60%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brooksville Free Public Library Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 38th percentile within ME. Charities of a similar size with the same main cause include PTA New York Congress ($138k), Professional Tennis Registry Foundation ($139k) and Peavey Project Inc ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 2.8% of the total. Other salaries and wages came to $46k. At year end it held assets of $507k against liabilities of $0, net assets of $507k. It reported 2 employees.