Gorham Free Library

Analysis

Gorham Free Library is a registered charity in United States, based in Gorham, NY. It received its IRS tax-exemption ruling in January 1996, 30 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, Gorham Free Library reported income of $148k and spending of $133k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $148k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gorham Free Library sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include East Side Nursery School Central Baptist Church ($148k), The Dental Health Theatre Inc ($148k) and Action Zone Inc ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.7% of the total. At year end it held assets of $376k against liabilities of $0, net assets of $376k.