Fairview Public Library

Analysis

Fairview Public Library is a registered charity in United States, based in Margaretville, NY. It received its IRS tax-exemption ruling in October 1993, 33 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, Fairview Public Library reported income of $125k and spending of $103k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $69k to $125k (+82%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fairview Public Library sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Van Ness Elementary School Parent Teacher Organization ($125k), Super Seeds ($125k) and Cegaana ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $31k (30% of expenses). Other salaries and wages came to $18k. At year end it held assets of $1.2m against liabilities of $1,682, net assets of $1.2m. It reported 3 employees.