Fort Plain Free Library

Analysis

Fort Plain Free Library is a registered charity in United States, based in Fort Plain, NY. It received its IRS tax-exemption ruling in February 1942, 84 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, Fort Plain Free Library reported income of $209k and spending of $242k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $395k to $209k (-47%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 64%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fort Plain Free Library sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Gait Therapeutic Riding Center ($209k), American Friends of Kolot ($209k) and North American Japanese Garden Association ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $49k (20% of expenses). Other salaries and wages came to $70k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 7 employees.