Bixby Memorial Free Library

Analysis

Bixby Memorial Free Library is a registered charity in United States, based in Vergennes, VT. It received its IRS tax-exemption ruling in October 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 (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, Bixby Memorial Free Library reported income of $341k and spending of $320k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $308k to $341k (+11%), an average of +3.5% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bixby Memorial Free Library sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 57th percentile within VT. Charities of a similar size with the same main cause include Creative Play Childrens Learning Centerinc ($341k), Spiro School Foundation for Excellence in Education Inc ($341k) and Olentangy Music Boosters Association ($341k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (19% of expenses). Other salaries and wages came to $128k. At year end it held assets of $890k against liabilities of $0, net assets of $890k. It reported 6 employees.