North Country Library System

Analysis

North Country Library System is a registered charity in United States, based in Watertown, NY. It received its IRS tax-exemption ruling in November 1971, 55 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, North Country Library System reported income of $2.6m and spending of $2.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $2.6m (-4.2%), an average of -1.1% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Country Library System sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Caramore Community Inc ($2.6m), The Doni Martin Center for Developmental Services Inc ($2.6m) and Alk Positive Incorporated ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $116k (4.3% of expenses). Other salaries and wages came to $817k. At year end it held assets of $4.7m against liabilities of $1.3m, net assets of $3.4m. It reported 22 employees.