Franklin Free Library

Analysis

Franklin Free Library is a registered charity in United States, based in Franklin, NY. It received its IRS tax-exemption ruling in November 1989, 37 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, Franklin Free Library reported income of $72k and spending of $72k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $76k to $72k (-5.5%), an average of -1.4% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franklin Free Library sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($72k), Little League Baseball Inc ($72k) and Hmong Nurses Association ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $33k. At year end it held assets of $561k against liabilities of $0, net assets of $561k. It reported 3 employees.