Aldrich Public Library

Analysis

Aldrich Public Library is a registered charity in United States, based in Barre, VT. It received its IRS tax-exemption ruling in July 1951, 75 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 2024, Aldrich Public Library reported income of $844k and spending of $806k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $680k to $844k (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2021, when income rose by 135%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aldrich Public Library sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within VT. Charities of a similar size with the same main cause include Seaside Playgarden Preschool Inc ($844k), Guidance College Inc ($844k) and Special Forces Scholarship Fund ($844k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $68k (8.5% of expenses). Other salaries and wages came to $333k. At year end it held assets of $7.8m against liabilities of $58k, net assets of $7.7m. It reported 22 employees.