Cheney Library

Analysis

Cheney Library is a registered charity in United States, based in Hoosick Falls, NY. It received its IRS tax-exemption ruling in December 1945, 81 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, Cheney Library reported income of $142k and spending of $167k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $192k to $142k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cheney Library sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($142k), Little Ones Inc ($142k) and Salmon Emergency Medical Technicians Inc ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 1.9% of the total. Other salaries and wages came to $71k. At year end it held assets of $788k against liabilities of $1,155, net assets of $787k. It reported 5 employees.