Olive Free Library Association

Analysis

Olive Free Library Association is a registered charity in United States, based in West Shokan, NY. It received its IRS tax-exemption ruling in December 1965, 61 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, Olive Free Library Association reported income of $361k and spending of $361k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $338k to $361k (+6.8%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Olive Free Library Association sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Napa High Athletic Boosters ($361k), Vermont Center for Integrativeherbalism ($361k) and Glenridge Nursery School ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $57k (16% of expenses). Other salaries and wages came to $107k. At year end it held assets of $659k against liabilities of $22k, net assets of $637k. It reported 7 employees.