Waterford Public Library Inc

Analysis

Waterford Public Library Inc is a registered charity in United States, based in Waterford, CT. It received its IRS tax-exemption ruling in August 1962, 64 years ago. 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, Waterford Public Library Inc reported income of $177k and spending of $191k, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $178k to $177k (-0.3%), an average of -0.1% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waterford Public Library Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within CT. Charities of a similar size with the same main cause include Pleasant Valley Historical Society ($177k), Virginia Chorale ($177k) and Miraleste Intermediate School ($177k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 9.2% of the total. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.