Nassau Free Library

Analysis

Nassau Free Library is a registered charity in United States, based in Nassau, NY. It received its IRS tax-exemption ruling in January 1973, 53 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, Nassau Free Library reported income of $145k and spending of $157k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $156k to $145k (-7.2%), an average of -7.2% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nassau Free Library sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Volunteers of America Inc ($145k), St Cloud Symphony Orchestra ($145k) and Martha Canfield Memorial Free Library Inc ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.4% of the total. At year end it held assets of $291k against liabilities of $458, net assets of $291k.