York Public Library Association Inc

Analysis

York Public Library Association Inc is a registered charity in United States, based in York, ME. It received its IRS tax-exemption ruling in October 1979, 47 years ago. 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 June 2023, York Public Library Association Inc reported income of $1.0m and spending of $1.2m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $884k to $1.0m (+13%), an average of +3.2% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, York Public Library Association Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within ME. Charities of a similar size with the same main cause include National School Chaplain Association Inc ($1.0m), Westminster Nursery School ($1.0m) and American Water Works Association ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $98k (8.2% of expenses). Other salaries and wages came to $526k. At year end it held assets of $7.0m against liabilities of $270k, net assets of $6.7m. It reported 23 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.