Red Creek Free Library

Analysis

Red Creek Free Library is a registered charity in United States, based in Red Creek, NY. It received its IRS tax-exemption ruling in December 1993, 33 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, Red Creek Free Library reported income of $78k and spending of $92k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $96k to $78k (-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 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Red Creek Free Library sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($78k), Parent Booster USA Inc ($78k) and The Rivanna Garden Club ($78k).

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 $275k against liabilities of $0, net assets of $275k.