Berkshire Free Library

Analysis

Berkshire Free Library is a registered charity in United States, based in Berkshire, NY. It received its IRS tax-exemption ruling in July 1986, 40 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, Berkshire Free Library reported income of $62k and spending of $57k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $76k to $62k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Berkshire Free Library sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Parent Booster USA Inc ($62k), Illinois Congress of Parents Teachers ($62k) and PTA Iowa Congress ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 0.5% of the total. At year end it held assets of $192k against liabilities of $9, net assets of $192k.