Frothingham Free Library

Analysis

Frothingham Free Library is a registered charity in United States, based in Fonda, NY. It received its IRS tax-exemption ruling in July 1948, 78 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Frothingham Free Library reported income of $137k and spending of $121k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $161k to $137k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Frothingham Free Library sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Boys Haven of America Foundation ($137k), Greater Hansville Community Center ($137k) and Survivors of the Shield Inc ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $405k against liabilities of $0, net assets of $405k.