Dailey Memorial Library

Analysis

Dailey Memorial Library is a registered charity in United States, based in Derby, VT. It received its IRS tax-exemption ruling in May 2004, 22 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 October 2023, Dailey Memorial Library reported income of $118k and spending of $122k, spending 104% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $88k to $118k (+33%), an average of +7.5% a year. The sharpest change came in the year to October 2020, when income rose by 50%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dailey Memorial Library sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 31st percentile within VT. Charities of a similar size with the same main cause include James Marshall Parent Nursery School ($118k), International Literacy Association ($118k) and Hallsville Athletic Booster Club ($118k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $50k. At year end it held assets of $763k against liabilities of $3,523, net assets of $760k. It reported 5 employees.