Deruyter Free Library

Analysis

Deruyter Free Library is a registered charity in United States, based in De Ruyter, NY. It received its IRS tax-exemption ruling in May 1989, 37 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, Deruyter Free Library reported income of $83k and spending of $165k, spending 199% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $48k to $83k (+73%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 1473%. Over the whole period it spent 332% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Deruyter Free Library sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Wesleyan Arts Alliance Inc ($83k), Achieving Standards of Excellence Foundation ($83k) and PTA New York Congress ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $26k (16% of expenses). At year end it held assets of $567k against liabilities of $0, net assets of $567k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.