St Albans Free Library

Analysis

St Albans Free Library is a registered charity in United States, based in St Albans, VT. It received its IRS tax-exemption ruling in March 1983, 43 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 June 2023, St Albans Free Library reported income of $769k and spending of $534k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $415k to $769k (+85%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 66%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Albans Free Library sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 73rd percentile within VT. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($769k), Shoreline Community College Foundation ($769k) and New Yorkers for Parks ($769k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $58k (11% of expenses). Other salaries and wages came to $207k. At year end it held assets of $1.4m against liabilities of $463, net assets of $1.4m. It reported 10 employees.