Greenwood Lake Public Library

Analysis

Greenwood Lake Public Library is a registered charity in United States, based in Greenwood LK, NY. It received its IRS tax-exemption ruling in September 2011, 15 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 June 2023, Greenwood Lake Public Library reported income of $957k and spending of $896k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $957k (-15%), an average of -5.2% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greenwood Lake Public Library sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include After School Discovery Inc ($957k), Brethren Charity Fund Inc ($957k) and Center for Applied Research & Technology Inc ($957k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $70k (7.8% of expenses). At year end it held assets of $1.2m against liabilities of $12k, net assets of $1.2m. It reported 16 employees.