Gowanda Free Library

Analysis

Gowanda Free Library is a registered charity in United States, based in Gowanda, NY. It received its IRS tax-exemption ruling in February 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, Gowanda Free Library reported income of $84k and spending of $83k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $103k to $84k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2021, when income rose by 167%. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gowanda Free Library sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include North Star Imagination Library ($84k), Ayala Spirit Team ($84k) and Harbor High Parent Booster Club Inc ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $23k (28% of expenses). Other salaries and wages came to $22k. At year end it held assets of $246k against liabilities of $0, net assets of $246k. It reported 5 employees.