Free Library of the Belmont Literary & Historical Society
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Free Library of the Belmont Literary & Historical Society is a 501(c)(3) organization based in Belmont, New York, registered in 1959, with $79,647 in FY2024 revenue. CharityIndex grades it B.
2 Willets Ave, Belmont, NY, 14813 EIN 16-0814246 Since 1959
Revenue (FY2024)
$80K
▲ 32.9% vs prior year
Expenses (FY2024)
$64K
Net assets
$780K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Free Library of the Belmont Literary & Historical Society— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating147 mo reserves · +20% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Free Library of the Belmont Literary & Historical Society: 147 mo reserves · +20% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Free Library of the Belmont Literary & Historical Society— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Free Library of the Belmont Literary & Historical Society: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $49K (FY2013) to $80K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $223Net assets $780K
Operating margin
19.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$780K
Total liabilities
$223
Net assets
$780K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $79,647▲32.9% | $63,789▲56.0% | $780,116▲19.2% | $780,339▲19.2% | 990 |
| 2023 | $59,944▲2.7% | $40,900▼31.5% | $654,583▲9.1% | $654,583▲9.1% | 990 |
| 2022 | $58,345▼39.0% | $59,682▼12.8% | $600,124▼3.1% | $600,124▼3.1% | 990 |
| 2021 | $95,616▲29.3% | $68,441▲4.7% | $619,478▲3.2% | $619,478▲3.2% | 990 |
| 2020 | $73,969▲17.2% | $65,394▲4.7% | $600,220▲1.4% | $600,220▲1.4% | 990 |
| 2019 | $63,089▼14.6% | $62,467▲14.3% | $591,645▲15.8% | $591,645▲15.4% | 990 |
| 2018 | $73,840▼11.3% | $54,636▼1.2% | $510,829▼1.6% | $512,551▼1.6% | 990 |
| 2017 | $83,232▲25.4% | $55,311▲6.3% | $519,146▲15.6% | $520,846▲15.5% | 990 |
| 2016 | $66,363▲15.4% | $52,012▼0.5% | $449,131▲11.9% | $450,942▲12.4% | 990 |
| 2015 | $57,518▲28.9% | $52,278▲7.8% | $401,267▼1.8% | $401,267▼1.8% | 990 |
| 2014 | $44,624▼9.6% | $48,496▼0.2% | $408,481▼2.2% | $408,481▼2.2% | 990 |
| 2013 | $49,356 | $48,613▲5.2% | $417,487▲15.7% | $417,487▲15.7% | 990 |
| 2012 | — | $46,214▼2.8% | $360,799▲24.7% | $360,799▲24.7% | 990 |
| 2011 | — | $47,521▼3.5% | $289,307▼5.9% | $289,307▼5.9% | 990 |
| 2010 | — | $49,231 | $307,530 | $307,530 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Free Library of the Belmont Literary & Historical Society a legitimate nonprofit?
- Yes. Free Library of the Belmont Literary & Historical Society is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 16-0814246, based in Belmont, New York. Donations are tax-deductible.
- What is Free Library of the Belmont Literary & Historical Society's EIN?
- Free Library of the Belmont Literary & Historical Society's Employer Identification Number (EIN) is 16-0814246.
- How much revenue does Free Library of the Belmont Literary & Historical Society report?
- Free Library of the Belmont Literary & Historical Society reported $79,647 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Free Library of the Belmont Literary & Historical Society have?
- CharityIndex grades Free Library of the Belmont Literary & Historical Society B, based on financial health (reserves and operating margin).
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Data for Free Library of the Belmont Literary & Historical Society (EIN 16-0814246) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.