Fenton Free Library Association

Analysis

Fenton Free Library Association is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in July 1964, 62 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, Fenton Free Library Association reported income of $213k and spending of $201k, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $848k to $213k (-75%), an average of -37% a year. The sharpest change came in the year to December 2021, when income dropped by 70%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fenton Free Library Association sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Reclaim ($213k), Loveland Athletic Boosters Inc ($213k) and Northwestern Lehigh Educational Foundation Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.9% of the total. Other salaries and wages came to $93k. It paid $2,373 in professional fundraising fees. At year end it held assets of $206k against liabilities of $0, net assets of $206k. It reported 10 employees.