Brunswick Public Library Association

Analysis

Brunswick Public Library Association is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in May 1946, 80 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, Brunswick Public Library Association reported income of $3.3m and spending of $2.2m, leaving 32% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $3.3m (+56%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brunswick Public Library Association sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within ME. Charities of a similar size with the same main cause include Bellingham Christian School Inc ($3.3m), Onefuture Coachella Valley ($3.3m) and Homestead School Sullivan ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $122k (5.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $6.1m against liabilities of $256k, net assets of $5.8m. It reported 49 employees.