Bakerville Library Association Inc

Analysis

Bakerville Library Association Inc is a registered charity in United States, based in New Hartford, CT. It received its IRS tax-exemption ruling in February 1993, 33 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, Bakerville Library Association Inc reported income of $156k and spending of $121k, leaving 22% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $80k to $156k (+95%), an average of +95% a year. The sharpest change came in the year to June 2024, when income rose by 95%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bakerville Library Association Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within CT. Charities of a similar size with the same main cause include Little League Baseball Inc ($156k), Yugntruf-Youth for Yiddish Inc ($156k) and Craftsbury Public Library Inc ($156k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 80% of the total. At year end it held assets of $490k against liabilities of $17k, net assets of $473k.