Rogers Memorial Library Co

Analysis

Rogers Memorial Library Co is a registered charity in United States, based in Southampton, NY. It received its IRS tax-exemption ruling in October 1957, 69 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, Rogers Memorial Library Co reported income of $5.2m and spending of $4.8m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $5.2m (+9.7%), an average of +2.3% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rogers Memorial Library Co sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include West Ridge Academy Charter School ($5.2m), Academy of Health Sciences Charter School ($5.2m) and Sciotoville Community School ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $159k (3.3% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $10.3m against liabilities of $1.6m, net assets of $8.6m. It reported 60 employees.