Crandall Library

Analysis

Crandall Library is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in February 1955, 71 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 December 2023, Crandall Library reported income of $5.2m and spending of $5.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $5.2m (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crandall Library sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include New Hope Academy ($5.2m), Taller San Jose Hope Builders ($5.2m) and Wichita State University Union Corporation ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $107k (2.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $18.8m against liabilities of $8.8m, net assets of $10.0m. It reported 76 employees.