Bradford Public Library

Analysis

Bradford Public Library is a registered charity in United States, based in Bradford, VT. It received its IRS tax-exemption ruling in August 1983, 43 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, Bradford Public Library reported income of $131k and spending of $101k, leaving 23% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $98k to $131k (+34%), an average of +6.1% a year. The sharpest change came in the year to December 2020, when income rose by 76%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bradford Public Library sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 34th percentile within VT. Charities of a similar size with the same main cause include PTA New York Congress ($131k), Paso Robles Co-Op Preschool Inc ($131k) and The Bellefonte Historical Railroad Society Inc ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $27k (27% of expenses). Other salaries and wages came to $31k. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m. It reported 7 employees.