Proctor Free Library

Analysis

Proctor Free Library is a registered charity in United States, based in Proctor, VT. It received its IRS tax-exemption ruling in November 1934, 92 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, Proctor Free Library reported income of $112k and spending of $126k, spending 112% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $157k to $112k (-29%), an average of -11% a year. The sharpest change came in the year to June 2021, when income rose by 175%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Proctor Free Library sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 30th percentile within VT. Charities of a similar size with the same main cause include Confrerie de LA Chaine Des Rotisseurs Foundation Inc ($112k), Parent Teacher Organization of District 103 ($112k) and Le Mars Community School Boosters Inc ($112k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% of the total. Other salaries and wages came to $70k. At year end it held assets of $994k against liabilities of $0, net assets of $994k. It reported 5 employees.