Schoharie Free Library Association

Analysis

Schoharie Free Library Association is a registered charity in United States, based in Schoharie, NY. It received its IRS tax-exemption ruling in April 2000, 26 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, Schoharie Free Library Association reported income of $156k and spending of $194k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $48k to $156k (+223%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 297%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Schoharie Free Library Association sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Boston Bridges Initiative ($156k), Central Texas Clean Cities ($156k) and Sonoma Valley Rotary Service Fund Foundation ($156k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $50k (26% of expenses). Other salaries and wages came to $20k. At year end it held assets of $925k against liabilities of $619, net assets of $925k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.