Westchester Library System

Analysis

Westchester Library System is a registered charity in United States, based in Elmsford, NY. It received its IRS tax-exemption ruling in September 1966, 60 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 December 2023, Westchester Library System reported income of $6.9m and spending of $7.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.7m to $6.9m (+3.7%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westchester Library System sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Village Ranch Inc ($6.9m), El Dorado Community Service Center ($6.9m) and Progress Valley Inc Corporate Offices ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $465k (6.6% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $7.5m against liabilities of $5.7m, net assets of $1.8m. It reported 39 employees.