Sidney Memorial Public Library

Analysis

Sidney Memorial Public Library is a registered charity in United States, based in Sidney, NY. It received its IRS tax-exemption ruling in January 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Sidney Memorial Public Library reported income of $615k and spending of $607k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $574k to $615k (+7.1%), an average of +1.7% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sidney Memorial Public Library sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Seven Lakes High School Band Boosters Inc ($615k), Springs of Life Christian Preschool ($615k) and Florida School of Holistic Living Inc ($615k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $70k (11% of expenses). Other salaries and wages came to $277k. At year end it held assets of $897k against liabilities of $8,811, net assets of $889k. It reported 22 employees.