Bridgton Public Library

Analysis

Bridgton Public Library is a registered charity in United States, based in Bridgton, ME. It received its IRS tax-exemption ruling in April 1991, 35 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, Bridgton Public Library reported income of $412k and spending of $309k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $751k to $412k (-45%), an average of -14% a year. The sharpest change came in the year to June 2023, when income rose by 665%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bridgton Public Library sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 62nd percentile within ME. Charities of a similar size with the same main cause include Marble City Daycare Andkindergarten Inc ($412k), Mosaic Education Initiative ($412k) and Treasure State Apprentice School Inc ($412k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 0.9% of the total. Other salaries and wages came to $148k. At year end it held assets of $2.5m against liabilities of $8,977, net assets of $2.5m. It reported 8 employees.