Sherrill-Kenwood Free Library

Analysis

Sherrill-Kenwood Free Library is a registered charity in United States, based in Sherrill, NY. It received its IRS tax-exemption ruling in December 1993, 33 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, Sherrill-Kenwood Free Library reported income of $235k and spending of $204k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $125k to $235k (+89%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 114%. 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, Sherrill-Kenwood Free Library sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Inspiracion Inc ($235k), Mental Health Association of Portland ($235k) and Well-Being Center of Colorado ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.0% of the total. Other salaries and wages came to $108k. At year end it held assets of $799k against liabilities of $187k, net assets of $613k. It reported 10 employees.