Minerva Free Library

Analysis

Minerva Free Library is a registered charity in United States, based in Sherman, NY. It received its IRS tax-exemption ruling in May 1990, 36 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, Minerva Free Library reported income of $166k and spending of $68k, leaving 59% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $166k (+236%), an average of +236% a year. The sharpest change came in the year to December 2023, when income rose by 236%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minerva Free Library sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Upper Tract Volunteer Fire Dept Inc ($166k), Cats Commitment and Tender Loving Service ($166k) and Stockbridge Community Outreach Assocation ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 6.8% of the total. At year end it held assets of $399k against liabilities of $0, net assets of $399k.