Bayville Free Library

Analysis

Bayville Free Library is a registered charity in United States, based in Bayville, NY. It received its IRS tax-exemption ruling in October 1980, 46 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 May 2024, Bayville Free Library reported income of $687k and spending of $639k, spending 93% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $2.6m to $687k (-73%), an average of -28% a year. The sharpest change came in the year to May 2021, when income dropped by 77%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bayville Free Library sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Young Leaders Strong City ($686k), DFW Business Group on Health ($687k) and Phillips University Legacy Foundation ($686k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 91% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $57k (9.0% of expenses). Other salaries and wages came to $249k. At year end it held assets of $4.0m against liabilities of $17k, net assets of $4.0m. It reported 16 employees.