Brunswick Community Library

Analysis

Brunswick Community Library is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in June 1992, 34 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 December 2023, Brunswick Community Library reported income of $250k and spending of $221k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $210k to $250k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brunswick Community Library sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Friends of the Loveland Public Library Foundation Inc ($250k), The Claymont Foundation Inc ($250k) and Cypress Bay Band Parent Association ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $57k (26% of expenses). Other salaries and wages came to $67k. At year end it held assets of $647k against liabilities of $3,936, net assets of $643k. It reported 11 employees.