Mountain Top Library

Analysis

Mountain Top Library is a registered charity in United States, based in Tannersville, NY. It received its IRS tax-exemption ruling in June 1953, 73 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Mountain Top Library reported income of $185k and spending of $251k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $163k to $185k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 127% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mountain Top Library sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Saint Therese Classical Learning Center Inc ($185k), Aleithia Learning Community ($185k) and Glaukos Charitable Foundation ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Other salaries and wages came to $93k. At year end it held assets of $2.0m against liabilities of $42k, net assets of $2.0m. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.