Blake Memorial Library Association

Analysis

Blake Memorial Library Association is a registered charity in United States, based in East Corinth, VT. It received its IRS tax-exemption ruling in April 1971, 55 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, Blake Memorial Library Association reported income of $223k and spending of $199k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $73k to $223k (+205%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 108%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blake Memorial Library Association sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 47th percentile within VT. Charities of a similar size with the same main cause include Southold Yacht Club Inc ($223k), Orchestra Seattle - Seattle Chamber Singer ($223k) and General Needs Ltd ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $92k (46% of expenses). Other salaries and wages came to $45k. At year end it held assets of $1.1m against liabilities of $935, net assets of $1.1m. It reported 25 employees.