Deposit Free Library Association

Analysis

Deposit Free Library Association is a registered charity in United States, based in Deposit, NY. It received its IRS tax-exemption ruling in April 1959, 67 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, Deposit Free Library Association reported income of $95k and spending of $76k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $95k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Deposit Free Library Association sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Mustang Booster Club ($95k), Florida Society of Health-System Pharmacists RSRCH & Educ FDN Inc ($95k) and Ruth Edmundson Ramsey Scholarship Fund Inc ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 1.4% of the total. Other salaries and wages came to $42k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 3 employees.