Colonial Library

Analysis

Colonial Library is a registered charity in United States, based in Richburg, NY. It received its IRS tax-exemption ruling in March 2008, 18 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, Colonial Library reported income of $90k and spending of $84k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $90k (+17%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colonial Library sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include New Hope Compassion ($90k), Concerned Oklahomans for the Highway Patrol Cohps ($90k) and Kings Mills Elementary School PTO ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.2% of the total. At year end it held assets of $342k against liabilities of $1,370, net assets of $341k.