Tappan Free Library

Analysis

Tappan Free Library is a registered charity in United States, based in Tappan, NY. It received its IRS tax-exemption ruling in September 1967, 59 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 December 2023, Tappan Free Library reported income of $913k and spending of $869k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $860k to $913k (+6.1%), an average of +1.5% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tappan Free Library sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Crosspoint Christian School Association Inc ($913k), Community Housing Partners Corporation of Florida ($914k) and Evangelical Theological Society ($913k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $128k (15% of expenses). Other salaries and wages came to $251k. At year end it held assets of $3.8m against liabilities of $37k, net assets of $3.8m. It reported 16 employees.