Lowville Free Library

Analysis

Lowville Free Library is a registered charity in United States, based in Lowville, NY. It received its IRS tax-exemption ruling in October 1994, 32 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, Lowville Free Library reported income of $227k and spending of $168k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $157k to $227k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lowville Free Library sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Penn Township Athletic Association ($227k), The Meeting Place Learning Center Inc ($227k) and Christian Working Woman ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 2.0% of the total. Other salaries and wages came to $94k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 7 employees.