Bowdoinham Public Library

Analysis

Bowdoinham Public Library is a registered charity in United States, based in Bowdoinham, ME. It received its IRS tax-exemption ruling in September 2021, 5 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, Bowdoinham Public Library reported income of $93k and spending of $65k, leaving 30% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $117k to $93k (-20%), an average of -20% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bowdoinham Public Library sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 28th percentile within ME. Charities of a similar size with the same main cause include Intra Community Service Development Project ($93k), Oak Meadows Christian Academy ($93k) and Austin Area Association for Bilingual Education ($93k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $25k (39% of expenses). At year end it held assets of $638k against liabilities of $1,561, net assets of $637k. It reported 1 employees.