Wallingford Public Library Assoc

Analysis

Wallingford Public Library Assoc is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in November 1950, 76 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, Wallingford Public Library Assoc reported income of $3.7m and spending of $3.6m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.5m to $3.7m (+4.6%), an average of +1.1% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wallingford Public Library Assoc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include Council for Higher Education Accreditation ($3.7m), Valor Christian Academy ($3.7m) and Stellar Leadership Academy Inc ($3.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $88k (2.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m. It reported 63 employees.