Farmington Public Library Association

Analysis

Farmington Public Library Association is a registered charity in United States, based in Farmington, ME. It received its IRS tax-exemption ruling in January 1964, 62 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, Farmington Public Library Association reported income of $470k and spending of $371k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $279k to $470k (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Farmington Public Library Association sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within ME. Charities of a similar size with the same main cause include Queensview Nursery School & Kinder Garten ($470k), Dippikill Inc ($470k) and H2h8 Association ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 26% of the total. Other salaries and wages came to $169k. At year end it held assets of $2.9m against liabilities of $4,630, net assets of $2.9m. It reported 3 employees.