Cattaraugus Free Library

Analysis

Cattaraugus Free Library is a registered charity in United States, based in Cattaraugus, NY. It received its IRS tax-exemption ruling in May 1952, 74 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, Cattaraugus Free Library reported income of $131k and spending of $75k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $111k to $131k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cattaraugus Free Library sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Little People Learning Center Inc ($131k), Anthony Middle School PTA ($131k) and Identity Hoops International ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Other salaries and wages came to $43k. At year end it held assets of $557k against liabilities of $0, net assets of $557k. It reported 4 employees.