Genesee Library

Analysis

Genesee Library is a registered charity in United States, based in Little Genese, NY. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Genesee Library reported income of $64k and spending of $65k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $82k to $64k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Genesee Library sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include The Edward G Schlieder Foundation Profess of Environmental Studies ($64k), Sino-American Pharmaceutical Professionals Association Inc Sapa ($64k) and Missouri Bones Society ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.0% of the total. At year end it held assets of $138k against liabilities of $1,657, net assets of $136k.