East Haddam Free Public Library

Analysis

East Haddam Free Public Library is a registered charity in United States, based in Moodus, CT. It received its IRS tax-exemption ruling in January 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 December 2023, East Haddam Free Public Library reported income of $57k and spending of $67k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $61k to $57k (-6.6%), an average of -1.7% a year. The sharpest change came in the year to December 2022, when income dropped by 63%. Over the whole period it spent 240% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, East Haddam Free Public Library sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within CT. Charities of a similar size with the same main cause include Emmaus High School Baseball Booster Club ($57k), Sulam Long Island Religious Schoolinc ($57k) and Naperville Chinese School ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.