Connetquot Public Library

Analysis

Connetquot Public Library is a registered charity in United States, based in Bohemia, NY. It received its IRS tax-exemption ruling in March 1981, 45 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, Connetquot Public Library reported income of $7.1m and spending of $6.7m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.5m to $7.1m (+9.6%), an average of +2.3% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Connetquot Public Library sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Texas High School Rodeo Association Inc ($7.1m), International School of Learners and Leaders ($7.1m) and Gateway Charter Academy ($7.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $261k (3.9% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $9.9m against liabilities of $14.0m, net assets of -$4.1m. It reported 70 employees.