Farmington Village Green and Library Assoc

Analysis

Farmington Village Green and Library Assoc is a registered charity in United States, based in Farmington, CT. It received its IRS tax-exemption ruling in November 1941, 85 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, Farmington Village Green and Library Assoc reported income of $3.3m and spending of $3.4m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.2m to $3.3m (+5.1%), an average of +1.7% 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, Farmington Village Green and Library Assoc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include 5280 High School ($3.3m), Vermont Commons School ($3.3m) and City Day Community School ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 3.7% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $13.6m against liabilities of $189k, net assets of $13.4m. It reported 58 employees.