John G McCullough Free Library Inc

Analysis

John G McCullough Free Library Inc is a registered charity in United States, based in N Bennington, VT. It received its IRS tax-exemption ruling in May 1952, 74 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, John G McCullough Free Library Inc reported income of $1.8m and spending of $327k, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $1.8m (+915%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 314%. Over the whole period it spent 34% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, John G McCullough Free Library Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within VT. Charities of a similar size with the same main cause include Beaufort Hyde Partnership for Children ($1.8m), Digital Theological Library ($1.8m) and Short North Stage Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $70k (22% of expenses). Other salaries and wages came to $117k. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m. It reported 6 employees.