Waterloo Library & Historical Society

Analysis

Waterloo Library & Historical Society is a registered charity in United States, based in Waterloo, NY. It received its IRS tax-exemption ruling in March 1951, 75 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, Waterloo Library & Historical Society reported income of $419k and spending of $397k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $290k to $419k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Waterloo Library & Historical Society sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Friendship Circle of Connecticut ($418k), American Industrial Hygieneassociation Foundation ($419k) and Center for Popular Research Education and Policy ($418k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $60k (15% of expenses). Other salaries and wages came to $119k. At year end it held assets of $2.6m against liabilities of $163k, net assets of $2.4m. It reported 12 employees.