Arcade Free Library

Analysis

Arcade Free Library is a registered charity in United States, based in Arcade, NY. It received its IRS tax-exemption ruling in April 1961, 65 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, Arcade Free Library reported income of $209k and spending of $204k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $209k to $209k (+0.1%), an average of +0.0% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arcade Free Library sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Dublin Music Boosters ($209k), Wonder World Educational Programs Incorporated ($209k) and Friends of the Town of Pelham Public Library Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $32k (16% of expenses). Other salaries and wages came to $83k. At year end it held assets of $747k against liabilities of $3,360, net assets of $744k. It reported 8 employees.