Clifton Springs Library

Analysis

Clifton Springs Library is a registered charity in United States, based in Clifton SPGS, NY. It received its IRS tax-exemption ruling in October 1990, 36 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, Clifton Springs Library reported income of $376k and spending of $303k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $287k to $376k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clifton Springs Library sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Judaism Alive ($376k), Lotts Creek Community School ($376k) and Apogee School Inc ($376k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $52k (17% of expenses). Other salaries and wages came to $151k. It paid $847 in professional fundraising fees. At year end it held assets of $8.9m against liabilities of -$6,173, net assets of $8.9m. It reported 17 employees.