Julia L Butterfield Memorial Library

Analysis

Julia L Butterfield Memorial Library is a registered charity in United States, based in Cold Spring, NY. It received its IRS tax-exemption ruling in July 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Julia L Butterfield Memorial Library reported income of $442k and spending of $421k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $467k to $442k (-5.4%), an average of -1.4% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Julia L Butterfield Memorial Library sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Clay Studio of Missoula ($442k), Avon High School Choral Boosters ($442k) and Adirondack Folk School Incorporated ($442k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $231k. At year end it held assets of $915k against liabilities of $16k, net assets of $898k. It reported 16 employees.