Northeast-Millerton Library

Analysis

Northeast-Millerton Library is a registered charity in United States, based in Millerton, NY. It received its IRS tax-exemption ruling in March 1958, 68 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northeast-Millerton Library reported income of $273k and spending of $240k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $270k to $273k (+0.9%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeast-Millerton Library sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include The Arlington Institute ($273k), Old Bedford Village Inc ($273k) and The Underserved Communities Foundation Inc ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $50k (21% of expenses). Other salaries and wages came to $41k. At year end it held assets of $814k against liabilities of $675, net assets of $813k. It reported 3 employees.