Watertown Library Association

Analysis

Watertown Library Association is a registered charity in United States, based in Watertown, CT. It received its IRS tax-exemption ruling in July 1988, 38 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, Watertown Library Association reported income of $964k and spending of $914k, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $889k to $964k (+8.4%), an average of +1.6% 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, Watertown Library Association sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include Horizons School Inc ($964k), Kansas Parents As Teacher Association ($964k) and California State University Stanislaus Auxiliary & Business ($964k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. Other salaries and wages came to $423k. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m. It reported 10 employees.