Stafford Library Association

Analysis

Stafford Library Association is a registered charity in United States, based in Stafford SPGS, CT. It received its IRS tax-exemption ruling in February 1942, 84 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 2023, Stafford Library Association reported income of $128k and spending of $83k, leaving 35% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $180k to $128k (-29%), an average of -11% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stafford Library Association sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within CT. Charities of a similar size with the same main cause include Christians in Need Foundation ($128k), Marcellus Sports Booster Club Inc ($128k) and Freedom Enhancement Academy ($128k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.