Macsherry Library

Analysis

Macsherry Library is a registered charity in United States, based in Alex Bay, NY. It received its IRS tax-exemption ruling in September 1955, 71 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 2022, Macsherry Library reported income of $173k and spending of $174k, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $145k to $173k (+19%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Macsherry Library sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Noor Foundation Inc ($173k), Hibbing Band Parents Organization Inc-High School Music Room ($173k) and Students for Other Students Inc ($173k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 56% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $24k (14% of expenses). Other salaries and wages came to $54k. At year end it held assets of $1.2m against liabilities of $4,503, net assets of $1.2m. It reported 4 employees.