Peck Memorial Library Association Inc

Analysis

Peck Memorial Library Association Inc is a registered charity in United States, based in Marathon, NY. It received its IRS tax-exemption ruling in September 1982, 44 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, Peck Memorial Library Association Inc reported income of $101k and spending of $109k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $126k to $101k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peck Memorial Library Association Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Mari Sandoz Heritage Society ($101k), Learn to Read of St Lucie County Inc ($101k) and Stanley Volunteer Rescue Squad Inc ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 84% of the total. Other salaries and wages came to $50k. At year end it held assets of $668k against liabilities of $1,184, net assets of $667k. It reported 3 employees.