New Woodstock Free Library

Analysis

New Woodstock Free Library is a registered charity in United States, based in New Woodstock, NY. It received its IRS tax-exemption ruling in May 1994, 32 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, New Woodstock Free Library reported income of $313k and spending of $155k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $202k to $313k (+55%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Woodstock Free Library sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Lower Middlesex Volunteer Fire Department Inc ($313k), Arch Court Inc ($313k) and Polk County Historical Society ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $28k (18% of expenses). Other salaries and wages came to $33k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 5 employees.