Amsterdam Free Library

Analysis

Amsterdam Free Library is a registered charity in United States, based in Amsterdam, NY. It received its IRS tax-exemption ruling in June 1993, 33 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 2022, Amsterdam Free Library reported income of $902k and spending of $495k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $407k to $902k (+122%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amsterdam 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 Missouri 4-H Foundation ($902k), Health Initiatives for Youth Inc ($902k) and Billings Child Care Association ($902k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. Other salaries and wages came to $216k. At year end it held assets of $2.4m against liabilities of $416, net assets of $2.4m.