Pontiac Free Library Association

Analysis

Pontiac Free Library Association is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in January 1945, 81 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, Pontiac Free Library Association reported income of $122k and spending of $130k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $96k to $122k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pontiac Free Library Association sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 38th percentile within RI. Charities of a similar size with the same main cause include Soroptimist International of the Americas Inc ($122k), Temple Solel Enfowment Foundation ($122k) and Care Net Pregnancy Resource Center of North Central Massachusetts Inc ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $2,940 (2.3% of expenses). Other salaries and wages came to $70k. At year end it held assets of $886k against liabilities of $0, net assets of $886k. It reported 7 employees.