Newfield Public Library

Analysis

Newfield Public Library is a registered charity in United States, based in Newfield, NY. It received its IRS tax-exemption ruling in February 1983, 43 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, Newfield Public Library reported income of $217k and spending of $229k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $195k to $217k (+12%), an average of +12% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newfield Public Library sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Iglesia de Dios Pentecostal LA Senda Divina LA Gran Comision Inc ($217k), Carolinas Golf Foundation ($217k) and Junior League of San Diego Inc ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $53k (23% of expenses). Other salaries and wages came to $41k. At year end it held assets of $379k against liabilities of $0, net assets of $379k. It reported 9 employees.