Royalton Memorial Libary Assoc

Analysis

Royalton Memorial Libary Assoc is a registered charity in United States, based in S Royalton, VT. It received its IRS tax-exemption ruling in July 1997, 29 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 June 2023, Royalton Memorial Libary Assoc reported income of $110k and spending of $93k, spending 85% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $106k to $110k (+4.0%), an average of +1.3% a year. The sharpest change came in the year to June 2020, when income rose by 105%. Over the whole period it spent 132% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Royalton Memorial Libary Assoc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 30th percentile within VT. Charities of a similar size with the same main cause include Soulsbyville PTO Inc ($110k), 622 Education Foundation Inc ($110k) and War Legacies Project Inc ($110k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 0.5% of the total. At year end it held assets of $403k against liabilities of $0, net assets of $403k.