Bethel Library Association

Analysis

Bethel Library Association is a registered charity in United States, based in Bethel, ME. It received its IRS tax-exemption ruling in May 1945, 81 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, Bethel Library Association reported income of $85k and spending of $94k, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $60k to $85k (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethel Library Association sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 25th percentile within ME. Charities of a similar size with the same main cause include Ellis County Art Association Inc ($85k), The International Council of Air Shows Foundation Inc ($85k) and Miss Delaware Scholarship Program Inc ($85k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 0.9% of the total. Other salaries and wages came to $57k. At year end it held assets of $797k against liabilities of $0, net assets of $797k. It reported 7 employees.