Community Free Library

Analysis

Community Free Library is a registered charity in United States, based in Holley, NY. It received its IRS tax-exemption ruling in September 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, Community Free Library reported income of $259k and spending of $285k, spending 110% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $203k to $259k (+28%), an average of +5.0% a year. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Free Library sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Catz Angels Care ($259k), Moab Public Radio Inc ($259k) and The Academy at World Champions Centre ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $69k (24% of expenses). At year end it held assets of $278k against liabilities of $0, net assets of $278k. It reported 10 employees.