Canton Free Library

Analysis

Canton Free Library is a registered charity in United States, based in Canton, NY. It received its IRS tax-exemption ruling in October 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 December 2023, Canton Free Library reported income of $671k and spending of $627k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $478k to $671k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Canton Free Library sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Ligonier Public Library ($671k), International House Davis ($671k) and Fairwind Learning Center Corp ($671k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 63% of the total. Other salaries and wages came to $376k. At year end it held assets of $3.2m against liabilities of $8,959, net assets of $3.2m. It reported 17 employees.