Quogue Free Library Inc

Analysis

Quogue Free Library Inc is a registered charity in United States, based in Quogue, NY. It received its IRS tax-exemption ruling in September 1958, 68 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, Quogue Free Library Inc reported income of $1.5m and spending of $1.6m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.1m to $1.5m (-71%), an average of -26% a year. The sharpest change came in the year to June 2020, when income dropped by 68%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quogue Free Library Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Love of Learning Montessori School ($1.5m), Citizens of the World Charter Schools - Cincinnati ($1.5m) and Gem Innovatoin Schools of Idaho Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Other salaries and wages came to $541k. At year end it held assets of $9.5m against liabilities of $1.7m, net assets of $7.8m. It reported 26 employees.