Beekman Library

Analysis

Beekman Library is a registered charity in United States, based in Hopewell JCT, NY. It received its IRS tax-exemption ruling in November 1967, 59 years ago. 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, Beekman Library reported income of $710k and spending of $600k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $522k to $710k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beekman Library sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Fallbrook Center for the Arts Inc ($710k), Virgin Islands Olympic Committee Inc ($710k) and Ohio Ffa Foundation Inc ($710k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $90k (15% of expenses). Other salaries and wages came to $208k. At year end it held assets of $1.8m against liabilities of $475k, net assets of $1.3m. It reported 12 employees.