Southworth Library Association Tompkins County

Analysis

Southworth Library Association Tompkins County is a registered charity in United States, based in Dryden, NY. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southworth Library Association Tompkins County reported income of $275k and spending of $333k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $167k to $275k (+65%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southworth Library Association Tompkins County sits at the 60th percentile: it is larger than about 60% 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 Foundation of Central Christian College ($275k), Mothers Morning Out NFP ($275k) and Jack Anderson Elementary School PTO ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $56k (17% of expenses). At year end it held assets of $5.1m against liabilities of $291, net assets of $5.1m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.