The Licia & Mason Beekley Community Library Inc

Analysis

The Licia & Mason Beekley Community Library Inc is a registered charity in United States, based in New Hartford, CT. It received its IRS tax-exemption ruling in July 1984, 42 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, The Licia & Mason Beekley Community Library Inc reported income of $395k and spending of $413k, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $522k to $395k (-24%), an average of -8.9% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Licia & Mason Beekley Community Library Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include Southeastern Utah Society of Arts and Science Inc Dan Olaurie Museum ($395k), Volunteers of America Inc ($395k) and Habitat for Humanity International Inc ($395k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $51k (12% of expenses). Other salaries and wages came to $141k. At year end it held assets of $2.3m against liabilities of $920, net assets of $2.3m. It reported 15 employees.