Shelter Island Public Library

Analysis

Shelter Island Public Library is a registered charity in United States, based in Shelter Is, NY. It received its IRS tax-exemption ruling in September 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, Shelter Island Public Library reported income of $1.2m and spending of $1.0m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.2m (-1.2%), an average of -0.3% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shelter Island Public Library sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include New Covenant School Inc ($1.2m), Dakota Rural Action ($1.2m) and Cotton Bowl Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $130k (13% of expenses). Other salaries and wages came to $337k. At year end it held assets of $9.0m against liabilities of $213k, net assets of $8.7m. It reported 19 employees.