Tivoli Free Library Assoc

Analysis

Tivoli Free Library Assoc is a registered charity in United States, based in Tivoli, NY. It received its IRS tax-exemption ruling in November 2000, 26 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Tivoli Free Library Assoc reported income of $242k and spending of $221k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $219k to $242k (+11%), an average of +2.5% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tivoli Free Library Assoc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Chesapeake Youth Symphony Orchestra ($242k), Paducah McCracken County Association for Retarded Citizens ($242k) and Oneonta Youth Soccer Assoc ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $52k (23% of expenses). Other salaries and wages came to $79k. At year end it held assets of $486k against liabilities of $1,739, net assets of $484k. It reported 7 employees.