Lewisboro Library

Analysis

Lewisboro Library is a registered charity in United States, based in South Salem, NY. It received its IRS tax-exemption ruling in August 1961, 65 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lewisboro Library reported income of $714k and spending of $767k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $595k to $714k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lewisboro Library sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include The Youth Science Institute ($714k), Jane Austen Society of N America ($715k) and Brookings Ice Skating Association Inc ($714k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $119k (16% of expenses). Other salaries and wages came to $294k. At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m. It reported 18 employees.