Edith B Ford Memorial Library

Analysis

Edith B Ford Memorial Library is a registered charity in United States, based in Ovid, NY. It received its IRS tax-exemption ruling in June 1998, 28 years ago. 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, Edith B Ford Memorial Library reported income of $264k and spending of $422k, spending 160% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $905k to $264k (-71%), an average of -34% a year. The sharpest change came in the year to December 2020, when income dropped by 72%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edith B Ford Memorial Library sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Life Ministries Inc ($264k), Cascade Christian Home Inc ($264k) and Volunteers in Public Schools Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $66k (16% of expenses). Other salaries and wages came to $126k. At year end it held assets of $4.9m against liabilities of $3,403, net assets of $4.8m. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.