Ashville Free Library

Analysis

Ashville Free Library is a registered charity in United States, based in Ashville, NY. It received its IRS tax-exemption ruling in June 1962, 64 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, Ashville Free Library reported income of $64k and spending of $48k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $64k (+68%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ashville Free Library sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include St Clair County Historical Society ($64k), S T Li Foundation ($64k) and Pratt County 4-H Foundation ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.3% of the total. At year end it held assets of $274k against liabilities of $0, net assets of $274k.