Old Forge Library

Analysis

Old Forge Library is a registered charity in United States, based in Old Forge, NY. It received its IRS tax-exemption ruling in January 2021, 5 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, Old Forge Library reported income of $406k and spending of $296k, leaving 27% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $208k to $406k (+95%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Old Forge Library sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Evergreen Classical School ($406k), Carley Cunniff Peter S Dixon MD Foundation ($406k) and Domi Education Inc ($406k).

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 $135k. At year end it held assets of $849k against liabilities of $0, net assets of $849k. It reported 9 employees.