Pleasant Valley Free Library

Analysis

Pleasant Valley Free Library is a registered charity in United States, based in Pleasant Vly, NY. It received its IRS tax-exemption ruling in August 1979, 47 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, Pleasant Valley Free Library reported income of $581k and spending of $680k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $581k (-73%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pleasant Valley Free Library sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Zambias Scholarship Fund ($581k), Preachit Inc ($581k) and Carnival Educational Fund Inc ($581k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $95k (14% of expenses). Other salaries and wages came to $192k. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m. It reported 11 employees.