Free Public Library Association of Vassalboro

Analysis

Free Public Library Association of Vassalboro is a registered charity in United States, based in E Vassalboro, ME. It received its IRS tax-exemption ruling in December 1993, 33 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, Free Public Library Association of Vassalboro reported income of $143k and spending of $118k, spending 83% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $113k to $143k (+27%), an average of +27% a year. The sharpest change came in the year to June 2024, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Free Public Library Association of Vassalboro sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 39th percentile within ME. Charities of a similar size with the same main cause include Bon Secours Warwick Health Foundation ($143k), Creative Center for Children ($143k) and American Bandmasters Assoc Inc ($143k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 3.0% of the total. At year end it held assets of $471k against liabilities of $0, net assets of $471k.