Stratford Library Association

Analysis

Stratford Library Association is a registered charity in United States, based in Stratford, CT. It received its IRS tax-exemption ruling in April 1943, 83 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 2024, Stratford Library Association reported income of $4.5m and spending of $3.8m, spending 85% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.5m to $4.5m (+27%), an average of +4.9% 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, Stratford Library Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include Boy Scouts of America ($4.5m), St Josephs Village for Senior Citizen Housing Development Fund C ($4.5m) and Childkind Inc ($4.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $122k (3.2% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $7.2m against liabilities of $145k, net assets of $7.1m. It reported 58 employees.