Mohawk Valley Library System

Analysis

Mohawk Valley Library System is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in June 1965, 61 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, Mohawk Valley Library System reported income of $1.5m and spending of $1.7m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.5m (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mohawk Valley Library System sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Plumbers and Steamfitters Local No 21 Education and Training Fund ($1.5m), Miller Endowment Incorporated ($1.5m) and Professional Association of Georgia Educators Legal Defense Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $141k (8.2% of expenses). Other salaries and wages came to $307k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 9 employees.