Purchase Free Library

Analysis

Purchase Free Library is a registered charity in United States, based in Purchase, NY. It received its IRS tax-exemption ruling in November 1969, 57 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, Purchase Free Library reported income of $250k and spending of $258k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $233k to $250k (+7.2%), an average of +1.8% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Purchase Free Library sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Conquer Covid Coalition Inc ($250k), All Ways Up Foundation ($250k) and Zernona S Black Center ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (27% of expenses). Other salaries and wages came to $53k. At year end it held assets of $276k against liabilities of $0, net assets of $276k. It reported 4 employees.