New Haven Free Public Library Foundation Inc

Analysis

New Haven Free Public Library Foundation Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in July 1990, 36 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 June 2023, New Haven Free Public Library Foundation Inc reported income of $392k and spending of $1.3m, spending 337% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $392k (-62%), an average of -22% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Haven Free Public Library Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include Empowered Tutoring Inc ($392k), Switzerland Public Library ($392k) and Inspire Innovation Lab ($391k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $88k. At year end it held assets of $304k against liabilities of $0, net assets of $304k. It reported 4 employees.