Bridgewater Library Association

Analysis

Bridgewater Library Association is a registered charity in United States, based in Bridgewater, CT. It received its IRS tax-exemption ruling in July 1965, 61 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, Bridgewater Library Association reported income of $251k and spending of $221k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $299k to $251k (-16%), an average of -4.2% a year. The sharpest change came in the year to June 2021, when income rose by 112%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridgewater Library Association sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within CT. Charities of a similar size with the same main cause include Kalmiopsis Audubon Society ($251k), Little League Baseball Inc ($252k) and Stepping Stones Day School Inc ($251k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 22% of the total. Other salaries and wages came to $130k. At year end it held assets of $832k against liabilities of $3,653, net assets of $829k. It reported 6 employees.