Katonah Village Library

Analysis

Katonah Village Library is a registered charity in United States, based in Katonah, NY. It received its IRS tax-exemption ruling in November 1957, 69 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, Katonah Village Library reported income of $1.2m and spending of $1.0m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $975k to $1.2m (+20%), an average of +4.6% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Katonah Village Library sits at the 79th percentile: it is larger than about 79% 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 Galcom International USA Inc ($1.2m), SF Black Wall Street Foundation ($1.2m) and North Carolina Association of Independent Schools ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $136k (13% of expenses). Other salaries and wages came to $402k. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m. It reported 26 employees.