Bodman Memorial Library

Analysis

Bodman Memorial Library is a registered charity in United States, based in Philadelphia, NY. It received its IRS tax-exemption ruling in July 2007, 19 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, Bodman Memorial Library reported income of $69k and spending of $62k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $69k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bodman Memorial Library sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Start Out Fresh Intervention Advocates ($69k), John D Langley Foundation ($69k) and Graceworks Ministries ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $107k against liabilities of $0, net assets of $107k.