Greenwich Free Library

Analysis

Greenwich Free Library is a registered charity in United States, based in Greenwich, NY. It received its IRS tax-exemption ruling in March 2000, 26 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, Greenwich Free Library reported income of $240k and spending of $291k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $534k to $240k (-55%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greenwich Free Library sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Dallas A&m Club ($240k), Garvey School ($240k) and Green River Ministries Inc ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $53k (18% of expenses). Other salaries and wages came to $81k. At year end it held assets of $1.8m against liabilities of $116k, net assets of $1.6m. It reported 9 employees.