Orrs Island Library Inc

Analysis

Orrs Island Library Inc is a registered charity in United States, based in Orrs Island, ME. It received its IRS tax-exemption ruling in August 1993, 33 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 July 2024, Orrs Island Library Inc reported income of $83k and spending of $91k, spending 109% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income grew from $81k to $83k (+2.9%), an average of +0.6% a year. The sharpest change came in the year to July 2022, when income rose by 255%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Orrs Island Library Inc 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 Warfighter Engaged ($83k), Multicultural Leadership Institute ($83k) and International Bible Center ($83k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 71% and program service revenue 24% of the total. Other salaries and wages came to $27k. At year end it held assets of $891k against liabilities of $0, net assets of $891k. It reported 1 employees.