Pulteney Free Library

Analysis

Pulteney Free Library is a registered charity in United States, based in Pulteney, NY. It received its IRS tax-exemption ruling in February 1959, 67 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, Pulteney Free Library reported income of $80k and spending of $140k, spending 174% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $289k to $80k (-72%), an average of -27% a year. The sharpest change came in the year to December 2022, when income rose by 114%. Over the whole period it spent 159% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pulteney Free Library sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Pine Street School Parent-Teacher Organization ($80k), Burtonsville Players Inc ($80k) and Kootenai Cross Country Ski Club Inc ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $32k (23% of expenses). Other salaries and wages came to $5,499. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 2 employees.