Cape Vincent Community Library

Analysis

Cape Vincent Community Library is a registered charity in United States, based in Cape Vincent, NY. It received its IRS tax-exemption ruling in June 1969, 57 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, Cape Vincent Community Library reported income of $186k and spending of $124k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $24k to $186k (+673%), an average of +67% a year. The sharpest change came in the year to December 2020, when income rose by 666%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cape Vincent Community Library sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Painted Rock School Foundation ($186k), Cheney Ecumenical Outreach Ministries ($186k) and PTA New Jersey Congress of Parents & Teachers ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 0.5% of the total. Other salaries and wages came to $72k. At year end it held assets of $856k against liabilities of $0, net assets of $856k. It reported 4 employees.