Middleburgh Library Assoc

Analysis

Middleburgh Library Assoc is a registered charity in United States, based in Middleburgh, NY. It received its IRS tax-exemption ruling in July 1999, 27 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, Middleburgh Library Assoc reported income of $249k and spending of $271k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $273k to $249k (-9.0%), an average of -2.3% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Middleburgh Library Assoc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Padre Pio Learning Center ($249k), Northeast Iowa Montessori School Inc ($249k) and Brooklyn Debate League Inc ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.0% of the total. Other salaries and wages came to $100k. At year end it held assets of $1.6m against liabilities of $2,855, net assets of $1.6m. It reported 8 employees.