Bolivar Free Library

Analysis

Bolivar Free Library is a registered charity in United States, based in Bolivar, NY. It received its IRS tax-exemption ruling in January 2012, 14 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, Bolivar Free Library reported income of $285k and spending of $79k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $152k to $285k (+88%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 295%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bolivar Free Library sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Grove School ($285k), Alaquest Collaborative for Education ($285k) and Ridgeway District Volunteer Fire Department ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $35k (44% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 5 employees.