Caledonia Library Association Inc

Analysis

Caledonia Library Association Inc is a registered charity in United States, based in Caledonia, NY. It received its IRS tax-exemption ruling in November 1955, 71 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, Caledonia Library Association Inc reported income of $645k and spending of $123k, leaving 81% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $133k to $645k (+384%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 142%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caledonia Library Association Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include JCC Housing Corporation ($645k), Jewish Community Housing Corporation ($645k) and Southern State Community College Foundation ($645k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $41k (34% of expenses). Other salaries and wages came to $23k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 3 employees.