Library Connection Inc

Analysis

Library Connection Inc is a registered charity in United States, based in Glastonbury, CT. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Library Connection Inc reported income of $1.3m and spending of $1.3m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $1.3m (+2.0%), an average of +0.5% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Library Connection Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include New Millennium Building Company ($1.3m), Eagle Academy Christian School ($1.3m) and San Joaquin & Calaveras Co Electric Training & Educational Trust ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $118k (8.9% of expenses). Other salaries and wages came to $340k. At year end it held assets of $2.7m against liabilities of $97k, net assets of $2.6m. It reported 5 employees.