The Fletcher Memorial Library Incorporated

Analysis

The Fletcher Memorial Library Incorporated is a registered charity in United States, based in Hampton, CT. It received its IRS tax-exemption ruling in September 2002, 24 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, The Fletcher Memorial Library Incorporated reported income of $68k and spending of $74k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $107k to $68k (-36%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Fletcher Memorial Library Incorporated sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within CT. Charities of a similar size with the same main cause include Elmhurst Rotary Charitable Trust Fund ($68k), R O W V a Public Schools Foundation ($68k) and Spartan Athletic Booster Club Inc ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 7.2% of the total. Other salaries and wages came to $20k. At year end it held assets of $585k against liabilities of $1,807, net assets of $584k. It reported 1 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.