Au Sable Forks Free Library

Analysis

Au Sable Forks Free Library is a registered charity in United States, based in Au Sable FRKS, NY. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Au Sable Forks Free Library reported income of $69k and spending of $122k, spending 178% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $143k to $69k (-52%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 231%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Au Sable Forks Free Library sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Roosevelt School PTO ($69k), Marathon Yacht Club Educational Foundation Inc ($69k) and Cucinella Parent Teacher Organization ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Other salaries and wages came to $38k. At year end it held assets of $644k against liabilities of $348, net assets of $644k. It reported 2 employees.