Casco Library Association

Analysis

Casco Library Association is a registered charity in United States, based in Casco, ME. It received its IRS tax-exemption ruling in January 1982, 44 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 December 2023, Casco Library Association reported income of $511k and spending of $200k, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $128k to $511k (+299%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 242%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Casco Library Association sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within ME. Charities of a similar size with the same main cause include Oak Hill Manor Housing Inc ($511k), Whitefish Manor Inc ($511k) and Treasure Coast Wildlife Hospital Inc ($511k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $54k (27% of expenses). Other salaries and wages came to $32k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 3 employees.