Springport Free Library

Analysis

Springport Free Library is a registered charity in United States, based in Union Springs, NY. It received its IRS tax-exemption ruling in August 1991, 35 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, Springport Free Library reported income of $120k and spending of $106k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $121k to $120k (-0.4%), an average of -0.4% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Springport Free Library sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Indianola Soccer Tribe Inc ($120k), Holy Trinity Episcopal Foundation Inc ($120k) and PTA South Carolina Congress ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $246k against liabilities of $0, net assets of $246k.