Association of the Free Library & Reading RM Rowayton Inc

Analysis

Association of the Free Library & Reading RM Rowayton Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in January 1970, 56 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, Association of the Free Library & Reading RM Rowayton Inc reported income of $351k and spending of $313k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $336k to $351k (+4.3%), an average of +1.1% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Association of the Free Library & Reading RM Rowayton Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within CT. Charities of a similar size with the same main cause include Irving I Stone Support Foundation ($351k), Bay Area Prabasi Inc ($351k) and Artlink Inc ($350k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 0.8% of the total. Other salaries and wages came to $158k. At year end it held assets of $707k against liabilities of $10k, net assets of $696k. It reported 7 employees.