Corinth Free Library

Analysis

Corinth Free Library is a registered charity in United States, based in Corinth, NY. It received its IRS tax-exemption ruling in November 1974, 52 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, Corinth Free Library reported income of $109k and spending of $126k, spending 116% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $102k to $109k (+7.6%), an average of +2.5% a year. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Corinth Free Library sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Milan Quarterback Club Inc ($109k), John a Bannes P T O ($109k) and Mid Atlantic Section of the Institute of Transportation ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. At year end it held assets of $192k against liabilities of $0, net assets of $192k.