Worcester Free Library

Analysis

Worcester Free Library is a registered charity in United States, based in Worcester, NY. It received its IRS tax-exemption ruling in September 2012, 14 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, Worcester Free Library reported income of $292k and spending of $106k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $190k to $292k (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 275%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Worcester Free Library sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Niatx Foundation Inc ($292k), Womens Center for Economic Opportunity ($292k) and Rock Island County Agricultural Fair Association ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Other salaries and wages came to $41k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 3 employees.