Victor Farmington Library

Analysis

Victor Farmington Library is a registered charity in United States, based in Victor, NY. It received its IRS tax-exemption ruling in October 1957, 69 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, Victor Farmington Library reported income of $987k and spending of $793k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $616k to $987k (+60%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Victor Farmington Library sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Share International Inc ($987k), Missio International ($988k) and The Birthday Party Project ($987k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $92k (12% of expenses). Other salaries and wages came to $365k. At year end it held assets of $1.7m against liabilities of $857k, net assets of $838k. It reported 23 employees.