Cutchogue New Suffolk Free Library

Analysis

Cutchogue New Suffolk Free Library is a registered charity in United States, based in Cutchogue, NY. It received its IRS tax-exemption ruling in March 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 June 2023, Cutchogue New Suffolk Free Library reported income of $1.9m and spending of $1.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $1.9m (+10%), an average of +2.4% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cutchogue New Suffolk Free Library sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Howard School ($1.9m), Acorn Montessori School Inc ($1.9m) and Childrens Academy at Loch Haven Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $116k (6.2% of expenses). Other salaries and wages came to $855k. At year end it held assets of $5.1m against liabilities of $1.3m, net assets of $3.9m. It reported 26 employees.