Maxwell Memorial Library

Analysis

Maxwell Memorial Library is a registered charity in United States, based in Camillus, NY. It received its IRS tax-exemption ruling in June 1967, 59 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 September 2023, Maxwell Memorial Library reported income of $475k and spending of $483k, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $363k to $475k (+31%), an average of +6.9% a year. The sharpest change came in the year to September 2023, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maxwell Memorial Library sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include West Point Inn Association ($475k), Community Boating Center Inc ($475k) and Berkeley Athletic Fund ($475k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 0.6% of the total. Other salaries and wages came to $233k. At year end it held assets of $93k against liabilities of $0, net assets of $93k. It reported 11 employees.