Mattituck Laurel Library

Analysis

Mattituck Laurel Library is a registered charity in United States, based in Mattituck, NY. It received its IRS tax-exemption ruling in August 1962, 64 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, Mattituck Laurel Library reported income of $1.7m and spending of $1.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.7m (+7.6%), an average of +1.9% a year. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mattituck Laurel Library sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Pinewoods Montessori School Corporation ($1.7m), Lake Land College Foundation Inc ($1.7m) and American Friends of Yekerai Yerusha Layim ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $87k (6.0% of expenses). Other salaries and wages came to $636k. At year end it held assets of $3.0m against liabilities of $154k, net assets of $2.9m. It reported 25 employees.