The Bill Library Asscociation Inc

Analysis

The Bill Library Asscociation Inc is a registered charity in United States, based in Ledyard, CT. It received its IRS tax-exemption ruling in January 2000, 26 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 September 2024, The Bill Library Asscociation Inc reported income of $77k and spending of $27k, leaving 65% of income unspent that year. Across the 6 years on record, from September 2019 to September 2024, income grew from $55k to $77k (+41%), an average of +7.1% a year. The sharpest change came in the year to September 2022, when income dropped by 206%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Bill Library Asscociation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within CT. Charities of a similar size with the same main cause include American Legion Post 56 ($77k), Laurinburg Normal & Industrial Institute Inc ($77k) and Center Moriches Volunteer Exempt Firemens Benevolent Association ($77k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 5.0% of the total. At year end it held assets of $1.7m against liabilities of $500, net assets of $1.7m.