Prattsburg Free Library

Analysis

Prattsburg Free Library is a registered charity in United States, based in Prattsburgh, NY. It received its IRS tax-exemption ruling in April 2006, 20 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, Prattsburg Free Library reported income of $159k and spending of $99k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $35k to $159k (+350%), an average of +350% a year. The sharpest change came in the year to December 2023, when income rose by 350%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prattsburg Free Library sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Aggie Redrock Foundation ($159k), Iowa State Acacia Chapter Foundation ($159k) and Asta Education Foundation ($159k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. At year end it held assets of $395k against liabilities of $0, net assets of $395k.