Onondaga Free Library

Analysis

Onondaga Free Library is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in November 1961, 65 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Onondaga Free Library reported income of $1.1m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.1m (-3.5%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Onondaga Free Library sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include University of Virginia School of Architecture ($1.1m), Anchorage Waldorf Education Association Inc ($1.1m) and Happy Trails School ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $95k (8.9% of expenses). Other salaries and wages came to $374k. At year end it held assets of $3.6m against liabilities of $1.9m, net assets of $1.7m. It reported 27 employees.