Friends of the Library S S C
501(c)(3) Donations tax-deductible
Only null% goes to programs Growing revenue
Friends of the Library S S C is a 501(c)(3) organization based in Corning, New York, registered in 1963, with $69,878 in FY2025 revenue. CharityIndex grades it C+.
Po Box 444, Corning, NY, 14830 EIN 16-6053263 Since 1963
Revenue (FY2025)
$70K
▲ 9.9% vs prior year
Expenses (FY2025)
$64K
Net assets
$20K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Friends of the Library S S C— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · +9% 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 Friends of the Library S S C: 4 mo reserves · +9% margin earns a A 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 Friends of the Library S S C— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Friends of the Library S S C: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $43K (FY2021) to $70K (FY2025) across 5 reported years.
Financial snapshot
Financial health & position (FY2025)
Liabilities $0Net assets $20K
Operating margin
9.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$20K
Total liabilities
$0
Net assets
$20K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $69,878▲9.9% | $63,558▲7.6% | $19,729▲47.1% | $19,729▲47.1% | 990EZ |
| 2024 | $63,574▲12.8% | $59,043▲13.0% | $13,409▲51.0% | $13,409▲51.0% | 990EZ |
| 2023 | $56,366▲19.2% | $52,245▼16.4% | $8,878▲86.6% | $8,878▲86.6% | 990EZ |
| 2022 | $47,278▲10.2% | $62,459▲158% | $4,757▼76.1% | $4,757▼76.1% | 990EZ |
| 2021 | $42,912 | $24,250 | $19,938 | $19,938 | 990EZ |
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 Friends of the Library S S C a legitimate nonprofit?
- Yes. Friends of the Library S S C is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 16-6053263, based in Corning, New York. Donations are tax-deductible.
- What is Friends of the Library S S C's EIN?
- Friends of the Library S S C's Employer Identification Number (EIN) is 16-6053263.
- How much revenue does Friends of the Library S S C report?
- Friends of the Library S S C reported $69,878 in total revenue on its fiscal year 2025 IRS Form 990 filing.
- What financial grade does Friends of the Library S S C have?
- CharityIndex grades Friends of the Library S S C C+, based on financial health (reserves and operating margin).
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Data for Friends of the Library S S C (EIN 16-6053263) 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.