Catskill Public Library

Analysis

Catskill Public Library is a registered charity in United States, based in Catskill, NY. It received its IRS tax-exemption ruling in February 1942, 84 years ago. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Catskill Public Library reported income of $1.1m and spending of $999k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $851k to $1.1m (+25%), an average of +5.7% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catskill Public Library sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Texas Elks Endowment Inc ($1.1m), Mount Olives Church of God Inc ($1.1m) and Local 210 Scholarship Fund & Educational Fund ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $45k (4.5% of expenses). Other salaries and wages came to $483k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 23 employees.