Salina Free Library

Analysis

Salina Free Library is a registered charity in United States, based in Mattydale, NY. It received its IRS tax-exemption ruling in August 1963, 63 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, Salina Free Library reported income of $676k and spending of $641k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $661k to $676k (+2.3%), an average of +0.6% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salina Free Library sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include National Assistance League ($675k), Habitat for Humanity International Inc ($676k) and Texas Association of Community Development Corporations ($675k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $60k (9.3% of expenses). Other salaries and wages came to $243k. At year end it held assets of $1.3m against liabilities of $185k, net assets of $1.2m. It reported 13 employees.