Gafney Library

Analysis

Gafney Library is a registered charity in United States, based in Sanbornville, NH. It received its IRS tax-exemption ruling in May 1955, 71 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 December 2023, Gafney Library reported income of $339k and spending of $253k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $339k (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2020, when income rose by 81%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gafney Library sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within NH. Charities of a similar size with the same main cause include Masters Mission ($338k), Staten Island Ballet Theater Inc ($339k) and Lincoln-Westmoreland Housing Inc ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.7% of the total. At year end it held assets of $2.0m against liabilities of $264k, net assets of $1.7m.