Windsor Locks Public Library Inc

Analysis

Windsor Locks Public Library Inc is a registered charity in United States, based in Windsor Locks, CT. 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 2024, Windsor Locks Public Library Inc reported income of $527k and spending of $532k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $477k to $527k (+10%), an average of +2.5% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Windsor Locks Public Library Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CT. Charities of a similar size with the same main cause include New York Memory Center Inc ($527k), Southeast Industrial Development Association Inc ($527k) and STM Elderly Housing Corp ($527k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $78k (15% of expenses). Other salaries and wages came to $222k. At year end it held assets of $1.3m against liabilities of $4,355, net assets of $1.2m. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.