Stephentown Memorial Library

Analysis

Stephentown Memorial Library is a registered charity in United States, based in Stephentown, NY. It received its IRS tax-exemption ruling in July 1994, 32 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, Stephentown Memorial Library reported income of $144k and spending of $138k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $135k to $144k (+6.8%), an average of +6.8% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stephentown Memorial Library sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Association for Human Achievement ($144k), Springtown Educational Foundation of Springtown Texas ($144k) and American Friends of Maarava Machon Rubin Inc ($144k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 9.6% of the total. At year end it held assets of $372k against liabilities of $609, net assets of $371k.