Community Library

Analysis

Community Library is a registered charity in United States, based in Cobleskill, NY. It received its IRS tax-exemption ruling in September 2001, 25 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, Community Library reported income of $590k and spending of $440k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $458k to $590k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 117%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Community 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 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Freedom Preparatory Academy Charter Schools Alabama ($590k), Council on Regional Economic Expansion & Educational Dev Founda ($590k) and Minidoka County School District 331 Educational Foundation ($590k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $54k (12% of expenses). Other salaries and wages came to $139k. At year end it held assets of $3.6m against liabilities of $6,118, net assets of $3.6m. It reported 9 employees.