Moore Free Library

Analysis

Moore Free Library is a registered charity in United States, based in Newfane, VT. It received its IRS tax-exemption ruling in February 1999, 27 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 September 2023, Moore Free Library reported income of $235k and spending of $109k, leaving 54% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income grew from $161k to $235k (+46%), an average of +21% a year. The sharpest change came in the year to September 2023, when income rose by 104%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Moore Free Library sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 48th percentile within VT. Charities of a similar size with the same main cause include Indian Action Council of Northwestern California Inc ($235k), Business for America Education Fund ($235k) and American Water Works Association ($235k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 57% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $972 (0.9% of expenses). Other salaries and wages came to $29k. At year end it held assets of $636k against liabilities of $1,635, net assets of $635k. It reported 4 employees.