Craftsbury Public Library Inc

Analysis

Craftsbury Public Library Inc is a registered charity in United States, based in Craftsbury CM, VT. It received its IRS tax-exemption ruling in June 1986, 40 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, Craftsbury Public Library Inc reported income of $156k and spending of $167k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $115k to $156k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 288%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Craftsbury Public Library Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 39th percentile within VT. Charities of a similar size with the same main cause include Southern Orange County Pop Warner Football League Inc ($156k), Little League Baseball Inc ($156k) and Gunnison Valley Animal Welfare League Inc ($156k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Other salaries and wages came to $87k. At year end it held assets of $1.2m against liabilities of $4,134, net assets of $1.2m. It reported 7 employees.