Quechee Library Association

Analysis

Quechee Library Association is a registered charity in United States, based in Quechee, VT. It received its IRS tax-exemption ruling in November 1972, 54 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, Quechee Library Association reported income of $212k and spending of $211k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $273k to $212k (-23%), an average of -6.2% a year. The sharpest change came in the year to June 2020, when income dropped by 25%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quechee Library Association sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 46th percentile within VT. Charities of a similar size with the same main cause include Winooski Partnership for Prevention Inc ($212k), Homoeopathic Pharmacopoeia Convention of the United States ($212k) and BHW Resiential Services II Inc ($211k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $60k (29% of expenses). At year end it held assets of $677k against liabilities of $716, net assets of $676k. It reported 7 employees.