Minoa Free Library

Analysis

Minoa Free Library is a registered charity in United States, based in Minoa, NY. It received its IRS tax-exemption ruling in July 1961, 65 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, Minoa Free Library reported income of $284k and spending of $308k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $275k to $284k (+3.3%), an average of +0.8% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minoa Free Library sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Asha-Jyothi ($284k), Ahivoy ($284k) and Darul-Uloom Islamic Center ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $51k (17% of expenses). Other salaries and wages came to $79k. At year end it held assets of $337k against liabilities of $0, net assets of $337k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.