Allegany Public Library

Analysis

Allegany Public Library is a registered charity in United States, based in Allegany, NY. It received its IRS tax-exemption ruling in August 2014, 12 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, Allegany Public Library reported income of $130k and spending of $129k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $130k (+14%), an average of +14% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Allegany Public Library sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Franklin County Law Libraryassociation ($130k), Central High School Alumni & Associates of Alamo TN ($130k) and Eudora Schools Foundation Inc ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.