James Blackstone Memorial Library Association

Analysis

James Blackstone Memorial Library Association is a registered charity in United States, based in Branford, CT. It received its IRS tax-exemption ruling in July 1943, 83 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, James Blackstone Memorial Library Association reported income of $2.1m and spending of $2.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.3m to $2.1m (-61%), an average of -21% a year. The sharpest change came in the year to June 2020, when income dropped by 42%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, James Blackstone Memorial Library Association sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Gwinnett County Public Schools Foundation Fund Inc ($2.1m), Marian Hope ($2.1m) and Write the World Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $95k (4.6% of expenses). Other salaries and wages came to $849k. At year end it held assets of $12.3m against liabilities of $120k, net assets of $12.2m. It reported 27 employees.