Portville Free Library

Analysis

Portville Free Library is a registered charity in United States, based in Portville, NY. It received its IRS tax-exemption ruling in January 1952, 74 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Portville Free Library reported income of $252k and spending of $197k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $225k to $252k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Portville Free 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 58th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Veritas Christian School Inc ($252k), Broad Run High School Athletic Booster Club ($252k) and Youth Mentoring Initiative Inc ($252k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 33% of the total. Compensation of current officers, directors and key employees was $42k (21% of expenses). Other salaries and wages came to $40k. At year end it held assets of $5.7m against liabilities of $0, net assets of $5.7m. It reported 5 employees.