Dorset Village Public Library Association Inc

Analysis

Dorset Village Public Library Association Inc is a registered charity in United States, based in Dorset, VT. It received its IRS tax-exemption ruling in June 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 December 2023, Dorset Village Public Library Association Inc reported income of $147k and spending of $233k, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $193k to $147k (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2021, when income rose by 468%. Over the whole period it spent 42% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dorset Village Public Library Association Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 37th percentile within VT. Charities of a similar size with the same main cause include Monteray County Office of Education Programs Foudation ($147k), PTA California Congress of Parents Teachers & Students Inc ($147k) and Parent Booster USA Inc ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% of the total. Compensation of current officers, directors and key employees was $60k (26% of expenses). Other salaries and wages came to $56k. At year end it held assets of $3.1m against liabilities of $2,394, net assets of $3.1m. It reported 5 employees.