Bovina Public Library Inc

Analysis

Bovina Public Library Inc is a registered charity in United States, based in Bovina Center, NY. It received its IRS tax-exemption ruling in June 1972, 54 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, Bovina Public Library Inc reported income of $121k and spending of $52k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $121k (+4.1%), an average of +1.0% a year. The sharpest change came in the year to December 2023, when income rose by 225%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bovina Public Library Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Arisen Corporation ($121k), South Dennis Free Public Library Association Inc ($121k) and Virginia Congress of Parents and Teachers ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 19% of the total. Other salaries and wages came to $24k. At year end it held assets of $621k against liabilities of $355, net assets of $621k. It reported 4 employees.