Cohocton Public Library

Analysis

Cohocton Public Library is a registered charity in United States, based in Cohocton, NY. It received its IRS tax-exemption ruling in May 2001, 25 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, Cohocton Public Library reported income of $298k and spending of $165k, leaving 44% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $214k to $298k (+39%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cohocton Public Library sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Montgomery Area Court Referral Program Inc ($298k), Yamei Academy of Excellence ($298k) and Way Public Library Foundation ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $26k (15% of expenses). Other salaries and wages came to $63k. At year end it held assets of $624k against liabilities of $924, net assets of $623k. It reported 9 employees.