Adams Center Free Library

Analysis

Adams Center Free Library is a registered charity in United States, based in Adams Center, NY. It received its IRS tax-exemption ruling in January 2019, 7 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, Adams Center Free Library reported income of $88k and spending of $103k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $88k (+9.2%), an average of +9.2% a year. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Adams Center Free Library sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include High Desert Hari Society ($88k), Elite Performance Academy Insighting Souls to Action ($88k) and San Gabriel Educational Foundation ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. At year end it held assets of $193k against liabilities of $0, net assets of $193k.