Financial Information for Torrington Library

Torrington Library's annual revenue was $2.3M in tax year 2024, reported on their IRS Form 990. They spent $1.6M in total expenses. 80% went to programs and services.

Financial Breakdown

What is Torrington Library's total annual expenses?

Torrington Library spent $1.6M in tax year 2024, according to their IRS Form 990 filing.

How much of Torrington Library's budget goes to programs?

Torrington Library spent $1.3M (80% of expenses) on programs and services in tax year 2024.

How much does Torrington Library spend on overhead?

Torrington Library's overhead in tax year 2024 includes administrative (17%) and fundraising (3%) of their expenses.

What is Torrington Library's net worth?

Torrington Library had net assets of $42.5M as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.