Ridgefield Library Association Inc

Analysis

Ridgefield Library Association Inc is a registered charity in United States, based in Ridgefield, CT. It received its IRS tax-exemption ruling in September 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, Ridgefield Library Association Inc reported income of $3.2m and spending of $3.8m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $3.2m (-6.9%), an average of -1.8% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ridgefield Library Association Inc 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 89th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include National History Day ($3.2m), Dual Language Education of New Mexico ($3.2m) and White Rock Montessori Elementary School of the Good Samaritan Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 1.9% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $21.9m against liabilities of $823k, net assets of $21.1m. It reported 51 employees.