Scoville Memorial Library Association Inc

Analysis

Scoville Memorial Library Association Inc is a registered charity in United States, based in Salisbury, CT. It received its IRS tax-exemption ruling in April 1934, 92 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, Scoville Memorial Library Association Inc reported income of $1.0m and spending of $631k, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $509k to $1.0m (+102%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scoville Memorial Library Association Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include Entrepreneurs Organization ($1.0m), Aldrich Memorial Nursery School Inc ($1.0m) and John H Hord Estate TR ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $79k (12% of expenses). It paid $1,100 in professional fundraising fees. At year end it held assets of $6.1m against liabilities of $4,201, net assets of $6.1m. It reported 10 employees.