Portsmouth Free Public Library Association

Analysis

Portsmouth Free Public Library Association is a registered charity in United States, based in Portsmouth, RI. It received its IRS tax-exemption ruling in May 1976, 50 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 2024, Portsmouth Free Public Library Association reported income of $841k and spending of $854k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $750k to $841k (+12%), an average of +2.9% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Portsmouth Free Public Library Association 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 77th percentile, and in the 73rd percentile within RI. Charities of a similar size with the same main cause include Green Mountain Chamber Music Festival ($841k), Special Ed Academy of Deal Inc ($841k) and Vineyard Christian Middle School ($841k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $73k (8.6% of expenses). Other salaries and wages came to $367k. At year end it held assets of $709k against liabilities of $0, net assets of $709k. It reported 18 employees.