Brooklyn Town Library Association

Analysis

Brooklyn Town Library Association is a registered charity in United States, based in Brooklyn, CT. It received its IRS tax-exemption ruling in August 1974, 52 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 2024, Brooklyn Town Library Association reported income of $180k and spending of $147k, spending 82% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $160k to $180k (+13%), an average of +13% a year. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brooklyn Town Library Association sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within CT. Charities of a similar size with the same main cause include National Black Nurses Association Inc ($180k), Plaza Midwood Neighborhood Association Inc ($180k) and Wichita Falls Boys Club Alumni Inc ($180k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 0.5% of the total. At year end it held assets of $282k against liabilities of $1,913, net assets of $280k.