Sullivan Free Library

Analysis

Sullivan Free Library is a registered charity in United States, based in Chittenango, NY. It received its IRS tax-exemption ruling in March 1973, 53 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, Sullivan Free Library reported income of $833k and spending of $790k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $755k to $833k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sullivan Free Library sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Strategeast ($833k), Crossroads Christian Academy Inc ($833k) and Westlake Academy Athletic Club ($833k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $84k (11% of expenses). Other salaries and wages came to $295k. At year end it held assets of $3.3m against liabilities of $1.3m, net assets of $2.1m. It reported 27 employees.