Greenwich Library

Analysis

Greenwich Library is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in December 1943, 83 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, Greenwich Library reported income of $2.4m and spending of $4.4m, spending 182% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.8m to $2.4m (-77%), an average of -31% a year. The sharpest change came in the year to June 2021, when income rose by 100%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greenwich Library sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Mission Kids ($2.4m), Nexus Academy of Cleveland ($2.4m) and Go for Great Schools Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $290k (6.5% of expenses). Other salaries and wages came to $510k. At year end it held assets of $79.5m against liabilities of $26k, net assets of $79.5m. It reported 4 employees.