Tolland Public Library Foundation Inc

Analysis

Tolland Public Library Foundation Inc is a registered charity in United States, based in Tolland, CT. It received its IRS tax-exemption ruling in December 1996, 30 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, Tolland Public Library Foundation Inc reported income of $59k and spending of $37k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $35k to $59k (+68%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 132%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tolland Public Library Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within CT. Charities of a similar size with the same main cause include George Kelly Elementary Parent Faculty PTO Inc ($59k), Dubhacks ($59k) and Beecher Road School PTO ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.