Croton Free Library

Analysis

Croton Free Library is a registered charity in United States, based in Croton HDSN, NY. It received its IRS tax-exemption ruling in June 1946, 80 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 June 2023, Croton Free Library reported income of $1.2m and spending of $1.1m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $999k to $1.2m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Croton Free Library 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 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include New Hope Volunteer Fire Department of Orange County Inc ($1.2m), Waterford at St Luke ($1.2m) and National Church Residences ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 0.2% of the total. At year end it held assets of $2.6m against liabilities of $28k, net assets of $2.6m.