The Booth & Dimock Memorial Library Incorporated

Analysis

The Booth & Dimock Memorial Library Incorporated is a registered charity in United States, based in Coventry, CT. It received its IRS tax-exemption ruling in February 1987, 39 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, The Booth & Dimock Memorial Library Incorporated reported income of $614k and spending of $752k, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $564k to $614k (+9.0%), an average of +2.9% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Booth & Dimock Memorial Library Incorporated sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Art Therapy Studio ($614k), American Institute of Pakistan Studies ($614k) and El Paso Fountain Valley Senior Citizens Program ($614k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $74k (9.8% of expenses). Other salaries and wages came to $294k. At year end it held assets of $891k against liabilities of $918, net assets of $890k. It reported 17 employees.