Greensboro Free Library

Analysis

Greensboro Free Library is a registered charity in United States, based in Greensboro, VT. It received its IRS tax-exemption ruling in February 1994, 32 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, Greensboro Free Library reported income of $185k and spending of $150k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $100k to $185k (+85%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greensboro Free Library sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 43rd percentile within VT. Charities of a similar size with the same main cause include Islesboro Community Fund ($185k), Economic Club of Colorado Inc ($185k) and Little League Baseball Inc ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $33k (22% of expenses). Other salaries and wages came to $32k. At year end it held assets of $1.1m against liabilities of $4,869, net assets of $1.1m. It reported 4 employees.