Chocorua Public Library

Analysis

Chocorua Public Library is a registered charity in United States, based in Chocorua, NH. It received its IRS tax-exemption ruling in June 1981, 45 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Chocorua Public Library reported income of $66k and spending of $85k, spending 129% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $40k to $66k (+63%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 124%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chocorua Public Library sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NH. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($66k), American Chemical Society ($66k) and Habitat for Humanity International Inc ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Other salaries and wages came to $43k. At year end it held assets of $406k against liabilities of $2,033, net assets of $404k. It reported 3 employees.