Calef Memorial Library

Analysis

Calef Memorial Library is a registered charity in United States, based in Washington, VT. It received its IRS tax-exemption ruling in March 2013, 13 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 June 2023, Calef Memorial Library reported income of $50k and spending of $37k, leaving 27% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $28k to $50k (+83%), an average of +35% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Calef Memorial Library sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 13th percentile within VT. Charities of a similar size with the same main cause include Nolan Moore Memorial Education Foundation Inc ($50k), Simiode ($50k) and Wyoming Area Football Alumni Association Inc ($50k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 84% of the total. At year end it held assets of $140k against liabilities of $0, net assets of $140k.