Carpenter-Carse Library

Analysis

Carpenter-Carse Library is a registered charity in United States, based in Hinesburg, VT. It received its IRS tax-exemption ruling in April 1990, 36 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 June 2024, Carpenter-Carse Library reported income of $286k and spending of $366k, spending 128% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $259k to $286k (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carpenter-Carse Library sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 53rd percentile within VT. Charities of a similar size with the same main cause include Caldwell Foundation for Educational Opportunity Inc ($286k), Boy Scouts of America ($286k) and Val a Browning Concert Endowment Fund for Dixie College ($286k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 2.0% of the total. Other salaries and wages came to $255k. At year end it held assets of $491k against liabilities of $0, net assets of $491k. It reported 18 employees.