Groton Public Library

Analysis

Groton Public Library is a registered charity in United States, based in Groton, NY. It received its IRS tax-exemption ruling in July 1982, 44 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, Groton Public Library reported income of $280k and spending of $325k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $307k to $280k (-8.8%), an average of -3.0% a year. The sharpest change came in the year to June 2021, when income rose by 305%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Groton Public Library sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Harpswell Neck Fire and Rescue Inc ($280k), Lakeside Booster Club ($280k) and Friends of Westminster ($280k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.9% of the total. Other salaries and wages came to $173k. At year end it held assets of $221k against liabilities of $0, net assets of $221k. It reported 14 employees.