Daniel Pierce Library

Analysis

Daniel Pierce Library is a registered charity in United States, based in Grahamsville, NY. It received its IRS tax-exemption ruling in May 1998, 28 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, Daniel Pierce Library reported income of $533k and spending of $744k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $565k to $533k (-5.8%), an average of -1.5% a year. Over the whole period it spent 136% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Daniel Pierce Library sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Canyon Eagle Booster Club ($533k), American Society of Landscape Architect Libr and Ed Adv Fund Inc ($533k) and Sequitur Classical Academy ($533k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $67k (9.0% of expenses). Other salaries and wages came to $219k. At year end it held assets of $6.5m against liabilities of $0, net assets of $6.5m. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.