Bennington Free Library

Analysis

Bennington Free Library is a registered charity in United States, based in Bennington, VT. It received its IRS tax-exemption ruling in February 1966, 60 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, Bennington Free Library reported income of $796k and spending of $749k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $623k to $796k (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bennington Free Library sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within VT. Charities of a similar size with the same main cause include Coral Reef Academy Inc ($796k), Brotherton Fund ($796k) and Wellington Christian Academy Inc ($796k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $86k (12% of expenses). At year end it held assets of $1.2m against liabilities of $3,078, net assets of $1.2m. It reported 26 employees.