Rensselaerville Library

Analysis

Rensselaerville Library is a registered charity in United States, based in Rensselaervle, NY. It received its IRS tax-exemption ruling in January 1977, 49 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, Rensselaerville Library reported income of $211k and spending of $144k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $158k to $211k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rensselaerville Library sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Greater Recovery and Community Empowerment ($211k), Ricrack Inc ($211k) and Nature Camp Foundation Incorporated ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $47k (32% of expenses). Other salaries and wages came to $30k. At year end it held assets of $686k against liabilities of -$133, net assets of $686k. It reported 6 employees.