Bremen Library Association

Analysis

Bremen Library Association is a registered charity in United States, based in Bremen, ME. It received its IRS tax-exemption ruling in August 1972, 54 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 June 2024, Bremen Library Association reported income of $64k and spending of $77k, spending 121% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $110k to $64k (-42%), an average of -42% a year. The sharpest change came in the year to June 2024, when income dropped by 42%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bremen Library Association sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 18th percentile within ME. Charities of a similar size with the same main cause include Society for Light Treatment and Biological Rhythms ($64k), PTA California Congress of Parents Teachers & Students Inc ($64k) and Jewish Federation of Greater Rockford ($64k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 1.0% of the total. At year end it held assets of $438k against liabilities of $0, net assets of $438k.