Cragsmoor Free Library

Analysis

Cragsmoor Free Library is a registered charity in United States, based in Cragsmoor, NY. It received its IRS tax-exemption ruling in January 1985, 41 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, Cragsmoor Free Library reported income of $130k and spending of $98k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $130k (+99%), an average of +99% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cragsmoor Free Library sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Greenbelt Access Television Inc ($130k), Pisgah High School Athletic Boosters Inc ($130k) and Capital Area Activities Conference Inc ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 0.8% of the total. At year end it held assets of $478k against liabilities of $4,701, net assets of $473k.