Canajoharie Library & Art Gallery

Analysis

Canajoharie Library & Art Gallery is a registered charity in United States, based in Canajoharie, NY. It received its IRS tax-exemption ruling in August 2021, 5 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, Canajoharie Library & Art Gallery reported income of $879k and spending of $1.1m, spending 124% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $775k to $879k (+13%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Canajoharie Library & Art Gallery 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 New Rochelle Day Nursery ($879k), New Camillus House Campus Inc ($879k) and Korean American Community Housing Services Inc ($879k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $102k (9.4% of expenses). Other salaries and wages came to $209k. At year end it held assets of $13.5m against liabilities of $2,765, net assets of $13.5m. It reported 22 employees.