Valatie Free Library

Analysis

Valatie Free Library is a registered charity in United States, based in Valatie, NY. It received its IRS tax-exemption ruling in October 1992, 34 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, Valatie Free Library reported income of $132k and spending of $110k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $132k (+17%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valatie Free Library sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include A Certain Sound ($132k), Denver Debutante Ball Inc ($132k) and Watchung Rescue Squad Inc ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $450k against liabilities of $1,121, net assets of $448k.