Ivoryton Library Assocation

Analysis

Ivoryton Library Assocation is a registered charity in United States, based in Ivoryton, CT. It received its IRS tax-exemption ruling in August 2014, 12 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 2024, Ivoryton Library Assocation reported income of $223k and spending of $186k, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $187k to $223k (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2023, when income dropped by 46%. 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, Ivoryton Library Assocation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within CT. Charities of a similar size with the same main cause include Masa-Mexed Inc ($223k), Association Haitienne de Development Humain Inc ($223k) and Partners in Education Foundation ($223k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $54k (29% of expenses). Other salaries and wages came to $41k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 5 employees.