Central Square Library

Analysis

Central Square Library is a registered charity in United States, based in Central SQ, NY. It received its IRS tax-exemption ruling in April 1980, 46 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, Central Square Library reported income of $202k and spending of $116k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $202k (+84%), an average of +84% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Square Library sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Coldstream-Homestead-Montebello Community Corporation ($202k), Los Alamos Senior Apartments Inc ($202k) and Fine Arts Society of Sarasota Inc ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $68k. At year end it held assets of $472k against liabilities of $3,532, net assets of $469k. It reported 4 employees.