Ransomville Free Library

Analysis

Ransomville Free Library is a registered charity in United States, based in Ransomville, NY. It received its IRS tax-exemption ruling in February 1966, 60 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, Ransomville Free Library reported income of $141k and spending of $147k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $140k to $141k (+0.3%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income dropped by 19%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ransomville Free 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 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include PTA New Jersey Congress of Parents & Teachers ($141k), Zeeland Historical Society ($141k) and Joe & Elwena Scarpaci Foundation ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $53k (36% of expenses). At year end it held assets of $524k against liabilities of $538, net assets of $524k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.