Norwich Public Library Association

Analysis

Norwich Public Library Association is a registered charity in United States, based in Norwich, VT. It received its IRS tax-exemption ruling in February 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Norwich Public Library Association reported income of $487k and spending of $503k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $475k to $487k (+2.4%), an average of +0.6% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Norwich Public Library Association sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 64th percentile within VT. Charities of a similar size with the same main cause include Teaching Peace ($487k), Early Years Preschool & Pdo ($487k) and Folds of Honor Foundation ($487k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $87k (17% of expenses). Other salaries and wages came to $222k. At year end it held assets of $1.1m against liabilities of $17k, net assets of $1.1m. It reported 9 employees.