Scottsville Free Library

Analysis

Scottsville Free Library is a registered charity in United States, based in Scottsville, NY. It received its IRS tax-exemption ruling in November 1944, 82 years ago. 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, Scottsville Free Library reported income of $221k and spending of $197k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $209k to $221k (+6.0%), an average of +1.5% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scottsville Free Library sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include PTA Texas Congress ($221k), Holmdel First Aid Squad Inc ($221k) and Presbyterian Homes Foundation Inc C/O Tobin and Dempf ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $121k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 10 employees.