Lucy Robbins Welles Library Inc

Analysis

Lucy Robbins Welles Library Inc is a registered charity in United States, based in Newington, CT. It received its IRS tax-exemption ruling in April 1960, 66 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lucy Robbins Welles Library Inc reported income of $143k and spending of $32k, leaving 78% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $42k to $143k (+237%), an average of +35% a year. The sharpest change came in the year to June 2021, when income rose by 304%. Over the whole period it spent 16% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lucy Robbins Welles Library Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within CT. Charities of a similar size with the same main cause include Friends of Western Art Inc ($143k), Cops Connecting with Kids ($143k) and PTA Florida Congress ($143k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 35% of the total. At year end it held assets of $1.7m against liabilities of $68, net assets of $1.7m.