Claverack Free Library and Reading Room Assoc Inc

Analysis

Claverack Free Library and Reading Room Assoc Inc is a registered charity in United States, based in Claverack, NY. It received its IRS tax-exemption ruling in June 1990, 36 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, Claverack Free Library and Reading Room Assoc Inc reported income of $265k and spending of $279k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $265k (-76%), an average of -30% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Claverack Free Library and Reading Room Assoc Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($265k), An Lac Temple ($265k) and Bluff Country Family Resources Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $3.5m against liabilities of $21k, net assets of $3.5m. It reported 5 employees.