Woodgate Free Library

Analysis

Woodgate Free Library is a registered charity in United States, based in Woodgate, NY. It received its IRS tax-exemption ruling in August 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, Woodgate Free Library reported income of $102k and spending of $54k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $102k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Woodgate Free Library sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include The Islamic Society of Palm Springs ($102k), Andrew Kim Korean School Inc ($102k) and East Rockingham Athletic Booster Club Inc ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $407k against liabilities of $0, net assets of $407k.