Cannon Free Library

Analysis

Cannon Free Library is a registered charity in United States, based in Delhi, NY. It received its IRS tax-exemption ruling in April 1940, 86 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, Cannon Free Library reported income of $302k and spending of $274k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $283k to $302k (+6.7%), an average of +1.6% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cannon Free Library sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Lsu Alumni of San Diego Inc ($302k), Central Gulf Coast CDF Freedom Schools ($302k) and Trinity Preschool Inc ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $12k (4.6% of expenses). Other salaries and wages came to $155k. At year end it held assets of $7.4m against liabilities of $1,597, net assets of $7.4m. It reported 9 employees.