Lyme Public Library Foundation Inc

Analysis

Lyme Public Library Foundation Inc is a registered charity in United States, based in Lyme, CT. It received its IRS tax-exemption ruling in September 1972, 54 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, Lyme Public Library Foundation Inc reported income of $389k and spending of $59k, leaving 85% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $80k to $389k (+388%), an average of +49% a year. The sharpest change came in the year to June 2024, when income rose by 347%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lyme Public Library Foundation Inc sits at the 64th 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 63rd percentile within CT. Charities of a similar size with the same main cause include Maineville Elderly Inc ($389k), Cowtown Warriors Inc ($389k) and Great Falls Public Library Foundation ($389k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.7% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.