Darien Library Inc

Analysis

Darien Library Inc is a registered charity in United States, based in Darien, CT. It received its IRS tax-exemption ruling in March 1952, 74 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, Darien Library Inc reported income of $5.8m and spending of $6.4m, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.9m to $5.8m (+18%), an average of +4.2% a year. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Darien Library Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Northstar School of Innovation & Leadership ($5.8m), Waldorf School Inc ($5.8m) and Alabama Aviation Education Center Incorporated ($5.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 0.6% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $29.1m against liabilities of $380k, net assets of $28.7m. It reported 93 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.