Watervliet Public Library

Analysis

Watervliet Public Library is a registered charity in United States, based in Watervliet, NY. It received its IRS tax-exemption ruling in May 2018, 8 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, Watervliet Public Library reported income of $176k and spending of $89k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $159k to $176k (+10%), an average of +10% a year. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Watervliet Public Library sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Minnesota Association of Alternative Programs ($175k), TFG Heartwood Inc ($176k) and Whitewater High School Band Boosters Inc ($175k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. At year end it held assets of $210k against liabilities of $0, net assets of $210k.