Gilbert Hart Library Association

Analysis

Gilbert Hart Library Association is a registered charity in United States, based in Wallingford, VT. It received its IRS tax-exemption ruling in December 1954, 72 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, Gilbert Hart Library Association reported income of $59k and spending of $64k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $61k to $59k (-3.6%), an average of -3.6% a year. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gilbert Hart Library Association sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 15th percentile within VT. Charities of a similar size with the same main cause include Meals on Wheels Association Marion Area ($59k), American Society of Music Arrangers and Composers ($59k) and Italian American Executives of Transportation ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $183k against liabilities of $0, net assets of $183k.