Millbrook Library

Analysis

Millbrook Library is a registered charity in United States, based in Millbrook, NY. It received its IRS tax-exemption ruling in July 1941, 85 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 2023, Millbrook Library reported income of $992k and spending of $740k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $637k to $992k (+56%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Millbrook Library sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Literacy Solutions Ny Inc ($991k), American Principles Project Foundation ($992k) and Unity Christian Academy of Haw Branch Inc ($991k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $77k (10% of expenses). Other salaries and wages came to $253k. At year end it held assets of $12.3m against liabilities of $19k, net assets of $12.2m. It reported 16 employees.