Stanford Free Library

Analysis

Stanford Free Library is a registered charity in United States, based in Stanfordville, NY. It received its IRS tax-exemption ruling in August 1967, 59 years ago. 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, Stanford Free Library reported income of $277k and spending of $280k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $616k to $277k (-55%), an average of -18% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stanford Free Library sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Cedarburg Lions Club Foundation Inc ($277k), SS & C Conference Corporation ($277k) and First Church of United Brethren in Christ ($277k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $118k. At year end it held assets of $3.0m against liabilities of $6,659, net assets of $2.9m. It reported 7 employees.