Davisville Free Library Association

Analysis

Davisville Free Library Association is a registered charity in United States, based in N Kingstown, RI. It received its IRS tax-exemption ruling in September 1968, 58 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, Davisville Free Library Association reported income of $105k and spending of $96k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $113k to $105k (-7.0%), an average of -7.0% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Davisville Free Library Association sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 33rd percentile within RI. Charities of a similar size with the same main cause include Laguna Woods History Center ($105k), PTA Georgia Congress ($105k) and American Planning Association ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.4% of the total. At year end it held assets of $280k against liabilities of $3,417, net assets of $277k.