Glocester Manton Free Public Library

Analysis

Glocester Manton Free Public Library is a registered charity in United States, based in Chepachet, RI. It received its IRS tax-exemption ruling in April 1989, 37 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 2024, Glocester Manton Free Public Library reported income of $248k and spending of $257k, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $227k to $248k (+9.0%), an average of +2.2% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glocester Manton Free Public Library sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 54th percentile within RI. Charities of a similar size with the same main cause include Eastside Senior Citizens Association ($248k), Mill Memorial Library ($248k) and Pacific Soccer Club ($248k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. Other salaries and wages came to $142k. At year end it held assets of $314k against liabilities of $8,946, net assets of $305k. It reported 12 employees.