Frankfort Free Library Assn

Analysis

Frankfort Free Library Assn is a registered charity in United States, based in Frankfort, NY. It received its IRS tax-exemption ruling in March 2000, 26 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, Frankfort Free Library Assn reported income of $173k and spending of $143k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $234k to $173k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Frankfort Free Library Assn sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Roosevelt High School Foundation ($173k), American Legion Foundation of Mo ($173k) and International Association of Assessing Officers ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $44k (31% of expenses). Other salaries and wages came to $32k. At year end it held assets of $638k against liabilities of $1,613, net assets of $636k. It reported 9 employees.