Brainerd Memorial Library Association Inc

Analysis

Brainerd Memorial Library Association Inc is a registered charity in United States, based in Haddam, CT. It received its IRS tax-exemption ruling in March 1942, 84 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, Brainerd Memorial Library Association Inc reported income of $504k and spending of $534k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $640k to $504k (-21%), an average of -7.6% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brainerd Memorial Library Association Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include West Lafayette Schools Eductionfoundation Inc ($504k), St James School District Foundation ($504k) and Skilled Nursing Development Institute Inc ($504k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $90k (17% of expenses). Other salaries and wages came to $217k. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m. It reported 16 employees.