Utica Public Library

Analysis

Utica Public Library is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in January 1961, 65 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 March 2024, Utica Public Library reported income of $1.5m and spending of $1.6m, spending 110% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.3m to $1.5m (+15%), an average of +3.7% a year. The sharpest change came in the year to March 2023, when income rose by 34%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Utica Public Library sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Health Occupations Students of America ($1.5m), Kerygma Ventures ($1.5m) and Training and Simulation Technology Consortium Inc ($1.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 94% and program service revenue 1.2% of the total. Other salaries and wages came to $792k. At year end it held assets of $5.7m against liabilities of $966k, net assets of $4.7m. It reported 24 employees.