Mid-York Library System

Analysis

Mid-York Library System is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in July 1962, 64 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Mid-York Library System reported income of $2.3m and spending of $1.9m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.3m (-4.6%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid-York Library System sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Catherine D Sharpe Charitable Trust ($2.3m), Urban League of San Diego County ($2.3m) and Franklinton High School ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $142k (7.6% of expenses). Other salaries and wages came to $642k. At year end it held assets of $5.6m against liabilities of $404k, net assets of $5.2m. It reported 18 employees.