Farmers Library Company of the Town of Ogden

Analysis

Farmers Library Company of the Town of Ogden is a registered charity in United States, based in Spencerport, NY. It received its IRS tax-exemption ruling in November 1980, 46 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, Farmers Library Company of the Town of Ogden reported income of $702k and spending of $695k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $589k to $702k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Farmers Library Company of the Town of Ogden sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Asotin County Food Bank Association ($702k), Foundation for Information Accountability and Governance ($702k) and Poweshiek Area Housing Inc ($702k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $87k (13% of expenses). Other salaries and wages came to $359k. At year end it held assets of $1.2m against liabilities of $40k, net assets of $1.2m. It reported 24 employees.