Morton Memorial Library & Community House

Analysis

Morton Memorial Library & Community House is a registered charity in United States, based in Rhinecliff, NY. It received its IRS tax-exemption ruling in October 2015, 11 years ago. 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, Morton Memorial Library & Community House reported income of $212k and spending of $211k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $193k to $212k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Morton Memorial Library & Community House 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 Los Angeles Institute and Society for Psychoanalytic Studies ($212k), Hillsboro Firemans Memorial Park Inc ($212k) and Spring Lake Public Schools Foundation ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $55k (26% of expenses). Other salaries and wages came to $38k. At year end it held assets of $1.6m against liabilities of $1,300, net assets of $1.6m. It reported 6 employees.