East Granby Library Association Inc

Analysis

East Granby Library Association Inc is a registered charity in United States, based in East Granby, CT. It received its IRS tax-exemption ruling in April 1976, 50 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, East Granby Library Association Inc reported income of $343k and spending of $326k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $284k to $343k (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Granby Library Association Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include D a V Thrift Store of Iowa ($343k), Shore Conference of High Schools ($343k) and Japanese Language School Unified System ($343k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $46k (14% of expenses). Other salaries and wages came to $129k. At year end it held assets of $853k against liabilities of $65k, net assets of $788k. It reported 23 employees.