Stony Creek Free Library

Analysis

Stony Creek Free Library is a registered charity in United States, based in Stony Creek, NY. It received its IRS tax-exemption ruling in December 1982, 44 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, Stony Creek Free Library reported income of $61k and spending of $48k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $61k (+15%), an average of +15% a year. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stony Creek Free Library sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include United Brotherhood Good Hope Society of Janina Inc ($61k), Trout Unlimited ($61k) and Learning Forward Foundation ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.8% of the total. At year end it held assets of $144k against liabilities of $1,138, net assets of $143k.