Fayetteville Free Library

Analysis

Fayetteville Free Library is a registered charity in United States, based in Fayetteville, NY. It received its IRS tax-exemption ruling in March 1949, 77 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 June 2024, Fayetteville Free Library reported income of $2.2m and spending of $2.2m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.9m to $2.2m (+14%), an average of +2.7% a year. The sharpest change came in the year to June 2023, when income rose by 66%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fayetteville Free Library sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Njcpa Education Foundation Inc ($2.2m), Surry County Early Childhood Partnership Inc ($2.2m) and New Century Academy ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $100k (4.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.6m against liabilities of $597k, net assets of $3.0m. It reported 32 employees.