Mount Pleasant Public Library

Analysis

Mount Pleasant Public Library is a registered charity in United States, based in Pleasantville, NY. It received its IRS tax-exemption ruling in August 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, Mount Pleasant Public Library reported income of $121k and spending of $20k, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $121k (-91%), an average of -45% a year. The sharpest change came in the year to December 2023, when income rose by 230%. Over the whole period it spent 13% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Pleasant Public Library sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Milmont Fire Co No 1 ($121k), Little League Baseball Inc ($121k) and Sacramento Synchronized Swim Team ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.