Oliver Wolcott Library Inc

Analysis

Oliver Wolcott Library Inc is a registered charity in United States, based in Litchfield, CT. It received its IRS tax-exemption ruling in August 1942, 84 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, Oliver Wolcott Library Inc reported income of $977k and spending of $1.1m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $825k to $977k (+19%), an average of +4.3% 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, Oliver Wolcott Library Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include Northeastern Junior College Foundation ($977k), Cajal Academy Inc ($978k) and Spirit of Huntington Inc ($977k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 0.2% of the total. Other salaries and wages came to $460k. At year end it held assets of $5.0m against liabilities of $88k, net assets of $4.9m. It reported 20 employees.