Four County Library System

Analysis

Four County Library System is a registered charity in United States, based in Vestal, NY. It received its IRS tax-exemption ruling in July 1962, 64 years ago. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Four County Library System reported income of $2.6m and spending of $2.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $2.6m (-2.7%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Four County Library System sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include The Fulton School ($2.6m), Family Service Association of Howard County Inc ($2.6m) and Open House Nursery School ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $99k (3.9% of expenses). Other salaries and wages came to $856k. At year end it held assets of $2.5m against liabilities of $35k, net assets of $2.4m. It reported 26 employees.