Adams Free Library

Analysis

Adams Free Library is a registered charity in United States, based in Adams, NY. It received its IRS tax-exemption ruling in January 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Adams Free Library reported income of $57k and spending of $49k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $59k to $57k (-2.8%), an average of -2.8% a year. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adams Free Library sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Wayzata Central Middle School PTA ($57k), Pflag Dayton ($57k) and Kanawha Deputy Sheriffs Association Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $228k against liabilities of $0, net assets of $228k.