Raymond Library Co

Analysis

Raymond Library Co is a registered charity in United States, based in Oakdale, CT. It received its IRS tax-exemption ruling in January 2000, 26 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 September 2023, Raymond Library Co reported income of $243k and spending of $210k, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $170k to $243k (+43%), an average of +9.4% a year. The sharpest change came in the year to September 2021, when income rose by 40%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Raymond Library Co sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within CT. Charities of a similar size with the same main cause include Carmel Assistance & Relief for Employees Fund ($243k), Willow Glen Middle and High School Foundation ($243k) and Van Wert High School Athletic Boosters Inc ($243k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $37k (18% of expenses). Other salaries and wages came to $66k. At year end it held assets of $1.3m against liabilities of $4,013, net assets of $1.3m. It reported 8 employees.