Blount Library Inc

Analysis

Blount Library Inc is a registered charity in United States, based in Franklinville, NY. It received its IRS tax-exemption ruling in July 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, Blount Library Inc reported income of $122k and spending of $112k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $123k to $122k (-1.0%), an average of -0.2% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blount 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 Veterans Club at Encanterra ($122k), Hope Center Inc ($122k) and Richland County Campus Foundation Ltd ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $39k (35% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 1 employees.