Red Jacket Community Library

Analysis

Red Jacket Community Library is a registered charity in United States, based in Manchester, NY. It received its IRS tax-exemption ruling in October 1999, 27 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 June 2024, Red Jacket Community Library reported income of $275k and spending of $230k, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $202k to $275k (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Red Jacket Community Library sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Westlake High School Band Booster ($275k), Redwood City Mandarin Immersion Scholars ($275k) and St Marys Episcopal School ($275k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $53k (23% of expenses). Other salaries and wages came to $74k. At year end it held assets of $348k against liabilities of $2,218, net assets of $345k. It reported 8 employees.