Wolcott Public Library

Analysis

Wolcott Public Library is a registered charity in United States, based in Wolcott, NY. It received its IRS tax-exemption ruling in August 2005, 21 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, Wolcott Public Library reported income of $145k and spending of $153k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $151k to $145k (-3.7%), an average of -3.7% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wolcott Public Library sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include The East Andover Village Pre-School ($145k), Little League Baseball Inc ($145k) and Burke County Rescue Squadron Inc ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $413k against liabilities of $0, net assets of $413k.