Castleton Free Library

Analysis

Castleton Free Library is a registered charity in United States, based in Castleton, VT. It received its IRS tax-exemption ruling in April 2010, 16 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, Castleton Free Library reported income of $613k and spending of $264k, leaving 57% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $188k to $613k (+227%), an average of +227% a year. The sharpest change came in the year to June 2023, when income rose by 227%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Castleton Free Library sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within VT. Charities of a similar size with the same main cause include Christian Heritage Ministries Inc ($613k), Wayne Montessori ($613k) and Community Christian School of Mineral Wells Inc ($613k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $66k (25% of expenses). Other salaries and wages came to $13k. At year end it held assets of $717k against liabilities of $1,750, net assets of $716k. It reported 9 employees.