Bethany Library Association Incorporated

Analysis

Bethany Library Association Incorporated is a registered charity in United States, based in Bethany, CT. It received its IRS tax-exemption ruling in November 1951, 75 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 2023, Bethany Library Association Incorporated reported income of $355k and spending of $385k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $324k to $355k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to June 2020, when income rose by 29%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethany Library Association Incorporated sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CT. Charities of a similar size with the same main cause include Alliance of Bikers Aimed Toward Education ($355k), Tyson Place Housing Development Fund Company Inc ($355k) and Northwoods Airlifline Ltd ($355k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $200k. At year end it held assets of $1.4m against liabilities of $12k, net assets of $1.4m. It reported 11 employees.