Branchport Free Library

Analysis

Branchport Free Library is a registered charity in United States, based in Prattsburgh, NY. It received its IRS tax-exemption ruling in December 2022, 4 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, Branchport Free Library reported income of $90k and spending of $147k, spending 163% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $93k to $90k (-2.8%), an average of -2.8% a year. Over the whole period it spent 137% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Branchport Free 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 Nogales Educational Foundation Inc ($90k), Pioneer High School Robotics Inc ($90k) and Onalaska Foundation for Educational Excellence Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $28k (19% of expenses). Other salaries and wages came to $26k. At year end it held assets of $708k against liabilities of $0, net assets of $708k.