Olive Free Library Trust Ua

Analysis

Olive Free Library Trust Ua is a registered charity in United States, based in Elmira, NY. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Olive Free Library Trust Ua reported income of $106k and spending of $115k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $342k to $106k (-69%), an average of -26% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Olive Free Library Trust Ua sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Ehs Football Booster Club ($106k), Herald Education Inc ($106k) and Granby Education Foundation Inc ($106k).

Compensation of current officers, directors and key employees was $29k (26% of expenses). At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m.