Elting Memorial Library

Analysis

Elting Memorial Library is a registered charity in United States, based in New Paltz, NY. It received its IRS tax-exemption ruling in June 1976, 50 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 2022, Elting Memorial Library reported income of $782k and spending of $809k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $670k to $782k (+17%), an average of +5.3% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elting Memorial 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 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Florida Consortium of Public Charter Schools Inc ($782k), Empire State Library Network ($783k) and Tacoma Community College Foundation ($782k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $83k (10% of expenses). Other salaries and wages came to $310k. At year end it held assets of $3.9m against liabilities of $30k, net assets of $3.9m. It reported 16 employees.