Richmond Memorial Library Association Inc

Analysis

Richmond Memorial Library Association Inc is a registered charity in United States, based in Marlborough, CT. It received its IRS tax-exemption ruling in March 1943, 83 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 2023, Richmond Memorial Library Association Inc reported income of $453k and spending of $464k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $387k to $453k (+17%), an average of +5.4% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richmond Memorial Library Association Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include Newton Jewish Community After School Program Corporation ($453k), Kidz Luv Early Learning Ministry Inc ($453k) and NW Ar Industries for Education Inc ($453k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $84k (18% of expenses). Other salaries and wages came to $187k. At year end it held assets of $533k against liabilities of $8,344, net assets of $525k. It reported 17 employees.