Guilford Free Public Library Asso Inc

Analysis

Guilford Free Public Library Asso Inc is a registered charity in United States, based in Guilford, CT. It received its IRS tax-exemption ruling in March 1946, 80 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 2024, Guilford Free Public Library Asso Inc reported income of $461k and spending of $495k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $473k to $461k (-2.6%), an average of -0.6% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Guilford Free Public Library Asso Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include Toe River Arts Council Inc ($460k), Slingerland Institute for Literacy ($461k) and The Divisionon Autism and Developmental Disabilities of the ($460k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 3.5% of the total. At year end it held assets of $966k against liabilities of $0, net assets of $966k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.