Sanborn-Pekin Free Library

Analysis

Sanborn-Pekin Free Library is a registered charity in United States, based in Sanborn, NY. It received its IRS tax-exemption ruling in January 1968, 58 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 January 2024, Sanborn-Pekin Free Library reported income of $141k and spending of $149k, spending 106% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income grew from $138k to $141k (+1.9%), an average of +0.5% a year. The sharpest change came in the year to January 2023, when income rose by 15%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sanborn-Pekin Free Library sits at the 47th percentile: it is larger than about 47% 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 South Carolina Native Plants Society ($141k), Women in Localization ($141k) and Nassau County Library Association ($141k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $53k (35% of expenses). Other salaries and wages came to $27k. At year end it held assets of $220k against liabilities of $0, net assets of $220k. It reported 8 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.