Stonington Public Library

Analysis

Stonington Public Library is a registered charity in United States, based in Stonington, ME. It received its IRS tax-exemption ruling in March 1997, 29 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, Stonington Public Library reported income of $102k and spending of $88k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $102k (+8.7%), an average of +8.7% a year. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stonington Public Library sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 31st percentile within ME. Charities of a similar size with the same main cause include Anoka Tornadoes Football Booster Club ($102k), San Lorenzo Valley Boosters ($102k) and Ps130-M Parents Association ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $324k against liabilities of $842, net assets of $323k.